The latest news and price moves to start the Asian day on Wednesday October 10.

The Chinese yuan's recent losses against the US dollar has pressured steel prices in Asia to move down, with continual drops for both flat and long steel products across the region.

Steel billet prices in most global markets were largely unchanged or edged downward during the week from Monday July 30 to Friday August 3, due to limited buying interest and uncertainty about the impending United States sanctions on Iran.

The Thai Cabinet has approved a draft bill this week that will allow the Industry Ministry to shut down mills in the country that produce substandard steel.

The latest news and price moves to start the Asian day on Thursday September 20.

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

Metal Bulletin has amended its Brazilian domestic steel prices to reflect standard market practices, making changes to the calculation of its monthly assessments.

Domestic steel prices in China are picking up strength after news of summer production cuts in the country’s steelmaking hub of Tangshan broke.

The steel export trade from Iran has been hurt by neighboring countries closing their borders due to the appearance of coronavirus infection in the Middle Eastern country, Fastmarkets learnt on Friday February 28.

UK steel trader Stemcor’s debt claim against insolvent Latvian steelmaker Liepajas Metalurgs has been upheld by a Latvian court, a court spokeswoman told Steel First on Thursday February 13.