Iron ore market // Week 29

July 27, 2023

            Iron ore prices have sagged in China amid sluggish trade, tightened production curbs in Tanshan as well as due to expected increase in the domestic iron ore production in the second quarter of 2023.

Steel scrap market // Week 29

July 27, 2023

            Negotiations for the procurement of imported steel scrap have picked up somewhat in Turkey closer to weekends after exporters increasingly started providing discounts.