Steel scrap market // Week 2

January 19, 2024

            Turkish steel mills continue purchasing imported steel scrap to provide operations in February. Despite quite active negotiations in the second half of the week, the number of fresh deals has been not that significant as many traders expected.

Iron ore market // Week 2

January 19, 2024

            Iron ore quotes have dropped to a five-week low due to muted buying activity in China. Concerns about a potential shortage of the raw material, which had been roiling the market for several consecutive weeks, eased amid abundant stockpiles at China’s ports.

Coal market // Week 2

January 19, 2024

            Quotes for imported steam coal have grown on the West European market following the stock exchange indices. At the same time, trade is moderate.