Ferrous

Welcome to this Convention edition of the BIR Ferrous Division’s World Mirror. Firstly, I would like to introduce you to BIR’s new advocate for our division, Trade and Environment Policy Officer Daniel Pietikainen. We are pleased to have Daniel on board and he has already proved very helpful in several areas, so please make sure to introduce yourselves to him in Copenhagen.

It would appear that the subdued ferrous market is currently in search of more positive sentiment, with both demand and price levels suffering for furnace-ready feed and finished products alike (...)

• Big overall drop in recycled steel usage
• Turkey`s overseas recycled steel purchases fall 10.1%
• EU-27 still the world`s top recycled steel exporter

• Supply remains difficult for recycling industry
• Construction industry in fundamental crisis
• Recovery in German steel demand unlikely before 2025

• Battles for volume cutting margins and earnings
• Reasonable price levels in Turkish market
• Improvement in buying interest from Pakistan and India

• Weak demand and volatile markets
• Tata confirms Port Talbot blast furnace closures and investment in electric furnace
• Significant proportion of Turkey’s EAF capacity going unused

• Weak demand fuels steadily falling new steel prices on lack of restocking
• Recycled steel succumbs to weak demand and falling prices
• Summer doldrums add to declining steel and recycled steel sentiment

• Exchange rate boosts export competitiveness
• Demand for recycled steel generally weak
• Stagnation in car demand