Just as China and the United States started to reach a deal and trade tensions eased, providing some longed-for certainty, the novel coronavirus (2019-nCov) has again increased fear and uncertainty in the steel and feedstock markets.

China has restarted its steel exports, driving out global competitors from various Asian import markets while domestic prices dip.

South African manganese alloys producer Transalloys has declared force majeure after a fire at its plant in the country on August 22 that severely impacted the raw material handling system feeding its five furnaces, it was revealed over the weekend.

Here are five Fastmarkets stories you might have missed on Wednesday May 13 that are worth another look.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin. Latest transaction: rebar Rebar  Turkey; domestic, rebar assessed at $570-575 per tonne ex-works, July 24. Turkey; export, rebar assessed at $560-570 per tonne fob, July 24. East China, domestic, grade-III rebar, traded at 3,030-3,110 yuan ($492-505) per tonne, including […]

High production costs and a lack of national protective trade measures resulted in Ezz Steel reporting a loss in the first quarter of 2019, Egypt’s biggest steel producer said on Tuesday July 9.

Buying activity in the European long steel markets is likely to remain cautious because of weak demand and relatively high stock levels among consumers, market sources told Metal Bulletin this week.

The United States’ reduction of tariffs on Turkish steel imports to 25% from 50% last week will only partially reopen the US market to Turkish mills, who should avoid raising prices if they are to successfully regain a share in that market, several sources told Fastmarkets this week.

The United States’ decision to impose Section 232 tariffs of 25% on steel imports is the “best worst-case scenario”, European long steel exporters told Metal Bulletin this week.

Finished long steel prices in Europe are expected to remain strong into the fourth quarter of 2017, supported by reduced availability, strong demand and higher production costs, according to market participants.