Prices for raw materials fell by $10/t in July in most regional markets

In July, prices for raw materials such as square billets mostly declined by about $10 per tonne across regional markets except Turkey, where prices rose by $8/t due to increased scrap prices and local sourcing rules. Market dynamics include weakening demand, increased competition from India and China, higher freight and insurance costs, and logistical challenges particularly in the Black Sea and Persian Gulf regions.

This Wire brief sits within Fusion42's coverage of Industrial.