Output of steel in China in July 2022 down 5.2% YoY.

Output of crude steel in China in July 2022 down 6.4% YoY.

Output of coke in China in July 2022 down 1.0% YoY.

Output of pig iron in China in July 2022 down 3.6% YoY.

Output of ferroalloys in China in July 2022 down 6.9% YoY.

The longer the European scrap supply issue persists, the longer Turkish scrap import prices could remain at elevated levels.

The northwest European hot-rolled futures market continues to move into a steeper contango, as end users look to lock in forward prices which are low compared with their physical contract offers.

The August Japan Kanto tender was settled on 10 August at an average of ¥42,061/t ($311.56/t) fas for H2, equivalent to ¥43,061/t fob.