Market Analysis

STEEL-IN-BRIEF April 17

STEEL-IN-BRIEF April 17

STEEL-IN-BRIEF Apr 17: Aus iron ore (189/t FOB) dip on weak China sentiment/US tariffs. Vale/Rio Q1 output down. China Mar steel output up despite cut plans. Asian billet bearish. Canada offers limited auto tariff relief.

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Analysis by Dr. Keyvan Jafari Tehrani

Analysis by Dr. Keyvan Jafari Tehrani

Steel Market Update: China sentiment improves amid strong exports, though prices ease slightly. Iron ore holds near $100/t. Coking coal rises, scrap dips. US trade policy news noted. Iran billet market sees auction/price disconnect. China-Vietnam infra deal.

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