The EU market for finished long steel products has been looking up recently amid expectations that Algerian buyers will return to active trading.

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.

Severstal, Russia’s second-largest steelmaker, has sold 5,000 tonnes of billet to Saudi Arabia, two sources have told Steel First.

Here are five Fastmarkets MB stories you might have missed on Monday January 13 that are worth another look.

Global steel billet prices continued to climb this week on strong demand from buyers, who are hoping to secure volumes before prices move up further.

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.

The latest news and price moves to start the Asian day on Wednesday November 7.

Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country’s coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on Thursday March 12.

Prices in most locations moved up this week, with Chinese mills out of the market due to the weeklong Lunar New Year and continued strong scrap prices.

The Trump administration’s surprise doubling of Section 232 duties on Turkish steel imports has gone into effect and could hammer US ferrous scrap prices as well as the steel trade landscape.