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 prices paid for steel scrap by mills in Turkey and Asia have moved up over the week ending Friday July 17, against a backdrop of stronger Chinese prices for iron ore and steel.

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.

China’s ferrous scrap market plummeted over the past three weeks due to destocking pressure on sellers coupled with low procurement rates among mills, which sent prices to their lowest in close to two years.

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.

Prices for cargoes of steel scrap imported into South Korea have dropped over the past week amid lower demand from mills that will take rounds of maintenance during the next few months, sources told Fastmarkets on Friday September 18.

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

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.

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