Currency exchange rates can make or break a steel trade, and with forex volatility in emerging markets expected to continue for the rest of the year, the Asian ferrous markets are likely to see more price fluctuations before the end of 2019.

Prices for cargoes of steel scrap imported into South Korea have dropped over the past week amid lower demand from mills that will take rounds of maintenance during the next few months, sources told Fastmarkets on Friday September 18.

The prices paid for steel scrap by mills in Turkey and Asia have moved up over the week ending Friday July 17, against a backdrop of stronger Chinese prices for iron ore and steel.

The seaborne iron ore market maintained its momentum in March, even with the Covid-19 pandemic causing turmoil for the global economic outlook and leading to steel production cuts and weakening demand outside of China.

The fate of the steel world continues to hang in the balance: Numerous scrapyards have stopped operations, blast furnaces around the world have stopped and aggressive offers by traders for Russian and Indian supply have pushed prices down further.

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.

Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country’s coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on Thursday March 12.

Here are five Fastmarkets MB stories you might have missed on Tuesday December 31 that are worth another look.

China’s ferrous scrap market plummeted over the past three weeks due to destocking pressure on sellers coupled with low procurement rates among mills, which sent prices to their lowest in close to two years.

Here are five Fastmarkets MB stories you might have missed on Monday January 13 that are worth another look.