Market Analysis

The steel raw materials market is consolidating. Lower iron ore prices are supported by Chinese demand, but rising sea freight rates and Australian port strike risks could increase market volatility in the near term.

The global steel market saw mixed trends; prices rose in the US while fluctuating in China. Iran’s steel output fell by 2.7%, with potential winter energy shortages being the main domestic challenge. autorenew thumb_up thumb_down

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.