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.

Algeria's steel billet import market is set for dramatic changes in the next couple of years, largely as a result of the country's fast-growing local steel industry.

Rebar prices in the Brazilian domestic market were unchanged in August amid rumours of a potential upswing.

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.

Chinese vanadium prices have dropped significantly since this year’s week-long Lunar New Year holiday (February 4-10) amid falling international prices and weak demand in both the domestic and international markets.

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.

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.

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.

Finished long steel prices in Europe are expected to remain largely stable in February after rising steadily through January, market participants told Metal Bulletin this week.

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.