In the markets of metallurgical raw materials, their processes are again developing, different from those that are now in the sector of steel products.

So, in October, rose in price of scrap metal in Turkey, triggering a similar increase in East Asia. Here, there is a desire of suppliers to stabilize quotes, but the recent growth is based on very unstable grounds.

Iron ore, on the contrary, fell in price due to the progressive weakening of the Chinese market. The country's economy is slowing down, no matter how hard the government tries to stimulate it. Despite the reduction in steel production in September, many fear overproduction, and quotes for rental on the Shanghai Futures Exchange fell to their lowest levels in a year and a half.

Full review: https://metalinfo.ru

 

Based on materials: https://www.metalinfo.ru