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.

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.

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.

The rebar and billet markets in Turkey are gaining strength after a long period of weakness, market participants said on Thursday 14 February.

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.

Rebar exporters in Turkey are expecting the anti-dumping investigation against imports of the product into the USA to lead to small duties, Celsa’s international commercial director, Kim Marti said on Tuesday April 1 at the International Rebar Exporters and Producers Assn (Irepas) meeting.

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

Iron ore registered increases across the board on active seaborne trading on Wednesday January 6, with lump prices surging due to tight supplies, sources told Fastmarkets.

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.