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.

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.

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

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.

The new round of sanctions imposed by the United States on November 5 is expected to cut Iranian steel exports further, gradually leading to lower Iranian steel output, market sources believe.

The Turkish long steel export market has remained sluggish because of the uncertainty created by the Section 232 tariffs imposed by the United States, and prices have started to fall, sources said on Thursday March 22.

Steel price trends and market fundamentals in China set the heartbeat for the international spot market.

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.

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