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.

Japanese steel producers which use electric-arc furnaces (EAFs) are being forced into raising their purchasing prices for ferrous scrap feedstock despite there being no upward movement in their steel sales prices, sources in Japan have told Fastmarkets.

New long steel capacity in the pipeline in the Philippines may well disrupt trade flows in Asia once they come on stream, market sources told Metal Bulletin this week.

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

There are reasons to believe the worst is over for a domestic steel market rattled by the Covid-19 pandemic, Nucor Corp president and chief executive officer Leon Topalian told attendees of Fastmarkets’ Steel Success Strategies Online conference on Monday October 26.

The Turkish rebar market was significantly affected in 2017 by the political problems within the country and by the weakening of its currency, the lira, while slow demand in the country’s traditional export markets led steel mills to direct their exports to new destinations.

Spain-based steelmaker Celsa expects the consumption of long products worldwide to grow 8% year-on-year in 2012, the company’s export sales manager said.

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.

The latest news and price moves to start the Asian day on Friday December 21.

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.