Physical iron ore prices softened on Friday May 25
amid declining futures and despite gains in the steel market. They reached their lowest level since April 16, when prices were $63.93 per tonne.
Chinese demand for iron ore is expected to be stable this year
, with steel producers prioritizing capacity cuts in line with government directives, according to the China Iron & Steel Association (Cisa).
Sellers in the seaborne coking coal market are taking their time to liquidate their existing cargoes
, keeping prices for the steelmaking raw material flat.
In a two-part feature, Metal Bulletin looked at the evolution of the coking coal market from 2013 until now
, analyzing the changes in the fundamentals
affecting the segment and the developing pricing structures.
Global ferrous scrap prices softened
, with falling Turkish scrap prices and the country’s weaker lira muting trade activity both within the country and internationally.