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.

Fastmarkets is proposing to change the publication date of its Brazilian domestic steel price assessments, ex-works Brazil, reais per tonne.

Steel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed.

Import prices for containerized ferrous scrap in Taiwan declined further this week, with steelmakers holding back amid a weakening market for the steelmaking raw material in Asia.

The possibility of new restrictions in major steelmaking regions in China will likely give long steel prices in the country - which have been trending upward since hitting a price floor a week ago - a further boost in July.

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.

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.

Here are five Fastmarkets stories you might have missed on Tuesday April 7 that are worth another look.

Taiwanese buyers of imported containerized ferrous scrap continued to pay higher prices for cargoes in the week to Friday June 12 amid climbing prices in global markets.

Saudi Arabia plans to increase its import duties on certain steel products from June 10, Saudi Arabian market sources told Fastmarkets on Friday May 29.