STEEL WEEK IN REVIEW: Iron ore above $74 per tonne, coal prices surge, global steel price rises...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Prices for steelmaking raw materials have all ended the week on an upward trajectory. A $20-per-tonne increase has shaken up the seaborne coking coal market, as a transaction involving a premium cargo was reportedly closed at $200 per tonne fob Australia on Friday. Iron ore prices rose to their highest in nearly four months, surpassing the $74 per tonne cfr mark, amid strong gains in China’s steel market. Global ferrous scrap prices are expected to remain firm over the next few weeks, as Turkish mills continued their buying spree. Turkey led the price increases, with prices also moving upward in India, the USA, Russia...

Published

Ana Paula Camargo

August 04, 2017

21:18 GMT

São Paulo