Prices for cargoes of steel scrap imported into South Korea have dropped over the past week amid lower demand from mills that will take rounds of maintenance during the next few months, sources told Fastmarkets on Friday September 18.

The latest news and price moves to start the Asian day on Friday February 2.

Sentiment in the CIS billet export market improved on Thursday June 7 after the resumption in scrap and rebar trading between Turkey and the United States earlier in the week.

Prices in the global steel billet market were mostly trending upward last week amid enlivened demand at some destinations as well as increased scrap prices, Metal Bulletin has learnt.

China has threatened to deepen its ongoing trade war with the United States by implementing similar trade measures on the latter’s products after the Office of the US Trade Representative proposed an additional 25% duty on a list of Chinese goods.

Base metals prices on the Shanghai Futures Exchange were all down at the close of morning trading on Thursday January 23, the final trading day before Lunar New Year holidays kick off in China.

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

Fastmarkets AMM reviews recent merger-and-acquisition deals for some heavy hitters in the steel industry. Each company's ongoing purchases - big and small - are intended to expand their global reach as well as develop products and services throughout 2019.

The latest news and price moves to start the Asian day on Wednesday August 8.

The latest news and price moves to start the Asian day on Friday January 19.