Demand was low last week in most global markets for steel billet, such as Turkey, Egypt and Southeast Asia, which led to cuts in prices in most regions.

The latest news and price moves to start the Asian day on Friday December 8.

China’s Laigang Yongfeng will increase its capacity by 1.87 million tpy with the addition of two continuous casters.

Metal Bulletin will publish certain price assessments for long steel and billet products in Turkey on Friday August 31, 2018, instead of Thursday August 30, because of the country’s Victory Day public holiday.

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.

The latest news and price moves to start the Asian day on Tuesday March 20.

Sabic Hadeed expects local steel consumption to increase gradually over the next 10 years thanks to stronger demand from the private sector and not only via government spending or the oil sector, the state-owned Saudi Arabian steel producer said at Fastmarkets’ Middle East Iron and Steel conference in Dubai last week.

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.

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.