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.

Offer prices for bulk ferrous scrap cargoes to Bangladesh have increased over the past week after higher prices were paid elsewhere in Asia, but several buyers remained out of the market, sources told Fastmarkets on Thursday May 14.

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.

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.

Finished long steel prices in Europe have continued to go up through August, supported by reduced supplies during the summer holidays, as well as by costlier raw materials.

Steel suppliers from around the world rushed to fill up the gaping hole left behind by China’s withdrawal from the export market in 2017, with domestic production cuts in key Chinese steel-producing regions cutting supply and driving up domestic prices.

Fastmarkets has discontinued its weekly price assessments for long and flat steel products in southern China.

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

Market participants contacted by Metal Bulletin disagreed on the outlook for the European rebar and wire rod market for May 2017.

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