It gives me great pleasure to welcome you to this Málaga Convention edition of the BIR Ferrous Division’s Mirror report. Our industry faces a significant change in the rules governing international trade in recycled materials, while new steelmaking opportunities are developing across Africa. Both subjects will be central to our discussions in Málaga (...)

• Recycled steel use down 7.1% in China
• Turkey’s recycled steel imports increase by 3.1%
• EU-27 recycled steel exports up 4.5%

• Weak steel demand despite higher production
• Disrupted logistics during third quarter
• Threat of restricted recycled steel access to some traditional overseas markets

• Stronger recycled steel prices into Turkey
• Large increase in sea freight from Scandinavia to Turkey
• Concerns over draft implementation of Waste Shipment Regulation

• Turkish demand supports higher recycled steel prices
• Europe’s low water levels disrupt supply routes
• Growing concern over battery-related fires

• Slowdown in Turkish economy becomes more pronounced
• Turkish lira continues gradual depreciation
• Recycled steel prices gain upward momentum in September

• Export strength boosts optimism around domestic recycled steel prices
• Continuing rally in new steel prices on healthy demand and limited inventories
• Potential for recycled steel price rally in fourth quarter

• China’s domestic steel demand constrained by property and construction weakness
• Taiwan’s containerised recycled steel imports close to historical lows
• Bangladesh’s recycled steel demand remains consistent in the year to date

• Gradually improving recycled steel environment during second quarter
• Domestic steel production and consumption remain resilient
• Imported recycled steel demand expected to remain selective

• Recycled steel prices on declining trend since July
• Exports fall well below 500,000 tonnes in August
• Drop in steel demand from construction sector shows signs of bottoming out

• Steel market volatile and supply-sensitive in third quarter
• Freight and raw material dependency remain key risks
• Shipping uncertainty strengthens case for regional sourcing

• Growing contradiction as regards recycled steel policy
• Proposed permit application fees would add to costs
• Steel fundamentals remain concerning amid falling production