Here are five Fastmarkets MB stories you might have missed on Wednesday August 14 that are worth another look.

Prices in the global steel billet market continued climbing in the week ended Friday March 2 as market factors supported the upward trend.

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.

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

The Shanghai Futures Exchange will see first delivery of its hot rolled coil futures contract on July 15, Steel First has learned.

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

Billet prices in most of the world’s major markets continued to show signs of recovery this week, despite the uncertainty created by the Chinese market and low iron ore prices.

Gerdau has entered into a deal with Kinross Brasil Mineração to sell its two hydroelectric plants in Brazil’s mid-western Goiás state for 835 million Reais ($255 million), as a further step in its strategy to focus on profitable steel assets, it said late on Wednesday February 14.

Steel billet prices fell in China and other markets last week, and buyers are refraining from closing deals as they wait for a definitive direction.