Suppliers are offering wider discounts in early negotiations for long-term ferro-vanadium contracts for 2020 compared with this year, according to market sources.

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

Turkish producers continued to book scrap cargoes despite weakening steel demand in the country, while Asian markets registered modest gains over the working week ended Friday May 15.

Now that Gerdau's highly anticipated sale of four US rebar mills and 33 rebar fabrication locations to CMC has been completed, industry sources remain unclear as to the deal's long-term ramifications.

Asia will soon be hit by a “steel tsunami”, a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.

Fastmarkets has amended the publication date of its Brazilian domestic steel price assessments, ex-works Brazil, reais per tonne, following market feedback.

ArcelorMittal has begun the revamp of a blast furnace in Brazil earlier than planned, and has also temporarily stopped operations at a rebar facility in the country due to market conditions.

Market sources have been puzzled by the gradual upward trend in China’s steel prices after the novel coronavirus (2019-nCoV) broke out in a big way after the Lunar New Year holiday.

Here are five Fastmarkets stories you might have missed on Tuesday June 9 that are worth another look.

Crude steel production in Germany was down by 24.70% year on year in July due to capacity being cut to balance the drop in demand caused by the Covid-19 pandemic, German steel federation WV Stahl said on Monday August 24.