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

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.

The latest news and price moves to start the Asian day on Wednesday November 14.

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

If US President Donald Trump approves Section 232 recommendations made by the country's Commerce Department, it could threaten the European steel market with export reduction and the growth of redirected import flows, sources told Metal Bulletin.

The world’s billet markets became uncertain last week, with sentiment starting to weaken amid higher availability of China-origin material and volatility in the East Asian country’s domestic prices.

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

Turkish import scrap prices have risen this week, while those for Taiwanese import material plunged, and Indian import scrap held largely steady amid general expectation of a rebound in demand for the steelmaking raw material.

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.

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