Market chatter about China possibly imposing new export taxes for steel as part of commodity price cooling measures has been rampant in the past week, causing traders and market participants to re-think their trading strategies, and overseas buyers to consider a potential supply shortfall.

The latest forecasts from Fastmarkets' team of analysts is ready to view.

Mexico will remain a net importer of finished steel and is facing a challenge, with its scrap deficit expected to swell by 2025, a McKinsey & Co executive said.

Ferrous markets are volatile, and 2020 marked one of the most up-and-down years for steel pricing in recent memory, but perhaps no year was as unpredictable as 2008.

Manufacturers in the United States have been materially injured by imports of pre-stressed concrete (PC) steel wire strand from Argentina, Colombia, Egypt, the Netherlands, Saudi Arabia, Taiwan, Turkey and the United Arab Emirates (UAE), the US International Trade Commission (ITC) has determined.

The Canada Border Services Agency (CBSA) has initiated an anti-dumping investigation into imports of specific concrete rebar from Oman and Russia, the agency said on December 4.