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.

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.

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.

Finished long steel prices in Europe are expected to weaken in line with the seasonal fall in end-user demand in December, according to market participants.

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.

China’s ferrous scrap prices moved up sharply over the past week due to tight supply, eating into the profits of mills that operate electric-arc furnaces.

Metal Bulletin will not publish certain price assessments for steel and ferrous scrap products in the Middle East and Turkey during the period August 20-24, 2018, because of the religious Eid al-Adha public holidays.

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 Monday February 24 that are worth another look.