Prices for imported steel billet and rebar in the UAE and Saudi Arabia have increased, while domestic rebar prices in the UAE have remained stable, sources told Metal Bulletin this week.

Brazilian foreign trade chamber Camex has decided to cut import duties by an additional 10% until the end of 2023 after having already reduced tariffs by 10% in November 2021, according to a document published in the country’s official gazette on Tuesday May 24

Fresh infrastructure projects in Bangladesh will drive significant steel demand and make doing business in the country easier in the coming years, Tapan Sengupta, the deputy managing director of steelmaker Bangladesh Steel Re-Rolling Mills (BSRM) told Fastmarkets in an exclusive interview

Section 232 duties on steel products from Ukraine will be suspended for one year, the Biden administration announced on Friday, May 27

The recovery in Chinese steel consumption, especially that for rebar, has been “extraordinary”, while the downturn in the automotive sector may not necessarily mean stainless steel demand will decline this year, delegates heard at Fastmarkets’ Covid-19 and Asian ferro-alloys markets webinar on Tuesday June 30.

Fastmarkets will publish its Poland rebar price assessment a day early this week, on Thursday April 30, because of the Labor Day holiday on Friday May 1.

India has started to impose a 15% export duty on iron and steel products and raised the export duty on steelmaking raw materials such as iron ore to 50%

Market sentiment in the Chinese domestic rebar market was optimistic on Thursday March 12 after the National Health Commission (NHC) announced the peak of the novel coronavirus (2019-nCoV) in China has passed.

Demand for rebar is set to recover in Brazil this year, market participants say - and mills have already announced a first round of price increases.

The United States’ steel import licenses in January increased modestly month on month and significantly year on year, according to government data