Ex-US scrap price hits new low in sale to Turkey: A Marmara region-based steel producer has closed the deal for HMS I/II 80:20 scrap at $270/mt CFR and for shredded material at $275/mt CFR. 

US monthly steel imports in July 2019 increased 48.5 percent from June to total 2,746,654 mt. A year-on-year comparison shows a 1.3 percent decrease. 

Brazilian iron ore prices remain in downtrend: Iron ore sinter feed fines and pellet prices in Brazil have declined on average by $5/mt week-on-week, while the price of lumps has declined by $10/mt during the period. 

Indian steel producers are increasingly finding it difficult to transport the key raw material from local mines.