Rabia Arif

European and Turkish steel mills raised concerns this week over record high electricity and gas costs across Europe, as customers hoped for softened steel prices as the scrap market weakened.

European steel producers, distributors and traders were found to be bullish on pricing over February, despite a constrain from reduced purchasing activity. A lack of import competition and rising cost

European steel producers, distributors and traders were found to be bullish on pricing over February, despite a constrain from reduced purchasing activity. A lack of import competition and rising cost

German steel producers, traders, and buyers were heard almost consistently bullish on pricing over April, with a unanimous expectation that production and inventory levels were going to drop, accordin

Near term scrap futures contracts on the London Metal Exchange remained in backwardation but saw slight gains over the week to July 21, while trading volumes dropped.

Near term scrap futures contracts on the London Metal Exchange saw strong losses over the week to July 28, while trading volumes increased.

German steel producers and traders expect prices to see some upward momentum over August amid low supply, as production levels are expected to drop, according to data from S&P Global Commodity Insight

Near term scrap and rebar futures contracts on the London Metal Exchange saw strong gains over the week to Aug. 11, while weekly trading volumes dipped.

Near term scrap futures contracts on the London Metal Exchange mostly saw losses over the week to Sept. 8, while weekly trading volumes increased.