After a rapid rise of domestic steel prices across Europe in the second half of 2020, market sources have been voicing concerns that the situation will echo the scenario in 2008 of a price spike quickly followed by a sharp fall.

Hot-rolled coil prices in the United States slipped from an all-time high to just under $57 per hundredweight ($1,140 per short ton) on Friday January 15, but remain poised to rebound amid tight supply, Fastmarkets understands.

Mills in Bangladesh purchased three bulk cargoes in the last week, with prices easing gently, sources told Fastmarkets on Thursday January 14.

United Arab Emirates producers Emirates Steel and Conares Steel have increased their rebar prices for February production with effect from Wednesday January 13.

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.

Steel scrap prices have risen again across all major consumer markets over the past week, driven by solid demand and constrained supplies.

The price of shredded steel scrap imported jumped by almost $30 per tonne on Friday December 18 due to continued tightness in container availability and a strong international market, sources told Fastmarkets.

Surging scrap and steel markets around the world are providing much support to ferrous scrap import prices in Vietnam, sources told Fastmarkets in the week to Friday December 18.

The price of shredded steel scrap imported into India and Pakistan crossed $400 per tonne on Friday December 11 as a result of high international prices and tight shipping availability, sources told Fastmarkets.

Turkey's state grain buyer issued a late-notice buy tender to secure 400,000 mt of wheat for January shipment, an official...