STEEL WEEK IN BRIEF: Turkish mills resume scrap buying, ArcelorMittal raises EU flat steel prices...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

Raw materials Turkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week. UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe’s key export destination of Turkey in June, trade sources told Metal Bulletin. Iron ore prices stayed rangebound amid continuing concerns about restrictions in China that are intended to reduce environmental emissions. Steel ArcelorMittal, the world’s largest steelmaker, has announced higher prices for its coil products in Northern Europe. The rises comes into effect immediately, sources said, and apply to new deals...


Viral Shah

July 13, 2018

19:05 GMT