A California federal jury has issued a $110 million anti-trust verdict against Commercial Metals Company on November 5, finding the Texas-based rebar producer liable for multiple anti-trust violations, while awarding Pacific Steel Group (PSG) millions of dollars due to lost profits and additional damages.

Asian steel hot-rolled coil prices have had difficulty rising in recent weeks due to a number of major themes in the market, sources told Fastmarkets.

China’s domestic and export steel hot-rolled coil prices rose on Monday October 28, reflecting a robust performance in the futures market, but the upward price movement did not translate into increased demand.

Chinese stainless steel prices fell in the week ended Wednesday October 23 in both the domestic and export markets, in response to weak demand and lower-cost raw materials, sources told Fastmarkets

Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.

China’s non-grain oriented electrical steel prices rose in the two weeks to Friday October 11, on price hikes by Chinese mills and amid India's anti-dumping probe into Chinese imports, sources said.

Brazilian miner Vale's fourth-quarter premiums for direct-reduced (DR) and blast furnace (BF) iron ore pellets have been adjusted to their lowest levels since the start of the year - but what does this key supplier's move reveal about the state of steelmaking in 2024?

Higher costs resulting from a tentative deal to end the strike at East Coast and Gulf Coast ports could reduce imports, increase reshoring and drive up the cost of steel products in the US, according to market observers and participants

The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

Bearishness lingers in China’s ferrous market despite price rises seen for some steel products in recent days, market participants told Fastmarkets in the week to Wednesday September 11