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

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.

The price of shredded steel scrap imported into India and Pakistan jumped on Friday November 20, with available material in short supply and a strong Turkish market, sources told Fastmarkets.

Prices for steel scrap into Bangladesh continued to move up during the week to Thursday November 5 amid supply-side tightness and high freight costs, sources told Fastmarkets.

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

Fastmarkets is proposing to launch a weekly Pakistan import shredded steel scrap index to provide transparency to a market whose global prominence was recently demonstrated by its robust performance even during the most testing conditions of the initial Covid-19 pandemic.

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

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.

Iron ore registered increases across the board on active seaborne trading on Wednesday January 6, with lump prices surging due to tight supplies, sources told Fastmarkets.

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.