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Mark Wiggett, editor for Platts Global Market Outlook, discusses US flat steel prices having continued to rise quite sharply up until mid-May, while European prices weakened following a period of stability in April; how scrap prices in US & Turkey consolidated, then slipped downwards recently.

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Headlines for this week

Bearish East Asian importing steel mills shy away from US bulk scrap

The US ferrous scrap import market was quiet in East Asia during the week, regional traders said May 22. Read the full story…

Turkish iron ore imports rise 25% in Q1, despite March fall

Turkish iron ore imports increased by 25% in the first quarter, on the back of higher blast furnace-based steel output and mills’ restocking activity, according to statistics published this week. Read the full story…

US hot-rolled steel sheet prices trail lower for second day this week

The US hot-rolled coil steel sheet market Wednesday saw prices trend move down for the second time this week as buyers and at least one producer reported lower offers and transaction prices. Read the full story…