STEEL WEEK IN BRIEF: Trump grants limited 232 exemptions, Turkish mills resume scrap bookings

Metal Bulletin reviews the major stories that have affected the steel market over the week ending Friday August 31.

Raw materials
Seaborne iron ore lump premiums traded notably higher on Friday amid robust prices for pellets, which can be partially replaced by lumps in blast furnaces, and relatively limited spot availability at Chinese ports.
Stringent port inspections and a forthcoming major holiday in Vietnam have led to a hazy market outlook, dampening price climbs in the import scrap market.
Turkish steel producers returned to the deep-sea scrap markets for two new deals on Thursday despite a national holiday in the country. But prices fell slightly on Friday after a mill in the Iskenderun region booked a Baltic Sea cargo.


Viral Shah

August 31, 2018

18:17 GMT