Saudi Arabia and the United Arab Emirates (UAE), the second and third largest steel consuming countries in the Middle East, have suffered mostly indirectly from the impact of Section 232, executives said during a panel at the Middle East Iron & Steel Conference in Dubai on December 10-12.

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

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday November 28.

Chinese steel prices have risen this year due to capacity cuts and strong demand from major downstream industries.

After one false start, the International Rebar Exporters and Producers Assn meeting kicked off in Budapest this week. It wasn’t particularly pretty.

The latest news and price moves to start the Asian day on Friday June 22.

Prices for steel scrap imported into Bangladesh in containers have gone down again over the past week, while those for bulk cargoes were steadier, market participants told Fastmarkets on Thursday October 8.

China’s daily crude steel production extended its rebound in mid-October and reached 1.999 million tonnes, a five-month high.

China’s daily crude steel production extended its rebound in mid-October and reached 1.999 million tonnes, the highest since late May.

Steel billet prices in most global markets either held steady or continued to weaken during the week from Monday April 23 to Friday April 27 after global trading activity ebbed away amid soft demand.