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.

Prices for European long steel products reached a five-year high in the second half of 2017, after a sharp rise in production costs and the return of demand from Algerian rebar importers.

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.

In the process of standardizing the names of its prices, Fastmarkets has found that the delivery destination was displayed incorrectly in the name of its Russian domestic steel prices.

Prices for steel scrap imported into Bangladesh in containers have gone down again over the past week, while those for bulk cargoes were steadier, market participants told Fastmarkets on Thursday October 8.

Long steel prices in EU markets could rise with mills seeking to push offers upward before the announcement of a preliminary decision in Europe’s current import safeguard investigation, market sources told Metal Bulletin on Monday July 2.

Fastmarkets MB organized a North Africa Steel Summit on Thursday December 13 in Dubai, which immediately followed the Middle East Iron and Steel Conference.

Here are five Fastmarkets MB stories you might have missed on Monday November 25 that are worth another look.

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.

A 10-week decline in low-grade manganese ore prices stalled on Friday June 21 and Chinese port ore prices have been rebounding dramatically from 2019 lows reached in early June.