Liepajas Metalurgs plans to resume production at the end November, a spokeswoman for the Latvian mill’s new owner, Ukrainian KVV Group, told Steel First on Friday October 3.

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.

Here are five Fastmarkets MB stories you might have missed on Thursday July 25 that are worth another look.

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.

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.

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

Global billet prices moved in different directions during the week ended Friday May 4, with limited supply and improved demand pushing prices up for Southeast Asia’s imports, China’s domestic market and Turkey’s exports.