This CRU Insight provides details on the decline of Venezuela’s steel, DRI, and iron ore industries, which highlights the potential scope of recovery with the right policy agenda and support.
Iron ore prices spiked as the Chinese market reopened after the country’s seven day holiday, but the rally started to lose steam on Tuesday afternoon.
Last week, iron ore prices dropped below $90 per dry metric ton (dmt) for the second time in the past two years. However, prices rebounded strongly today and ended the week at $93.5/dmt, driven by the stimulus announcement in China.
This CRU Insight explores how decarbonization will play a significant role in redefining steel trade patterns by shifting regional competitiveness and increasing steel demand needs.
By CRU Research Analyst Yusu Mao, from CRU’s Steelmaking Raw Materials Monitor Last week, buying activity continued in the Turkish scrap market, and our assessment for HMS 80:20 rose slightly to $411 per ton CFR Turkey, that’s a $3-per-ton increase week on week and a boost of more than $30 per ton vs. the prior month […]
By CRU Research Analyst Yusu Mao, from CRU’s Steelmaking Raw Materials Monitor Turkish scrap prices started to increase significantly last week. Accordingly, our assessment for HMS 1/2 80:20 rose to $374 per ton CFR based on two new deals, up $35 per ton week-on-week (WoW) and up $26 per ton month-on-month (MoM). Scrap sellers have been […]
By CRU Research Analyst Yusu Mao, from CRU’s Steelmaking Raw Materials Monitor Turkish scrap prices rebounded on a fresh deal last week, for the first time since the beginning of September. Our assessment for HMS 1/2 80:20 rose to $365 per ton CFR, up by $21 per ton week-on-week (WoW) but down by $31 per ton […]