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.

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Recent unfavorable developments in the Turkish economy - in the steel market in particular - caused by the aggravation of diplomatic relationships with the US has put pressure on CIS steel producers, both in terms of export volumes and prices.

Chinese steel prices have been rangebound in June despite plunging inventory levels, with trade war fears and economic jitters keeping market participants on the sidelines for most of the month.

Finished long steel prices in Europe have continued to go up through August, supported by reduced supplies during the summer holidays, as well as by costlier raw materials.

The European long steel market is expected to weaken next month amid slack demand and downward pressure from scrap prices.

India’s JSW has launched a bid to purchase steelmaker Monnet Ispat Steel, representatives of both companies confirmed to Metal Bulletin on Monday January 29.

Finished long steel prices have been on the rise in Europe through July and are expected to stay at high levels in August because of increased production costs.

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