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

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

Prices for billet have started to stabilise in some regional markets around the world following a four-week rally fuelled by rising import scrap prices in Turkey and firm demand for long steel in China.

The latest news and price moves to start the Asian day on Tuesday June 12.

Iron ore futures on the Dalian Commodities Exchange slumped during the morning on Monday September 1 after China published weaker official manufacturing data and rebar futures slumped to a record low.

The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange’s business development manager.

Strong demand from Turkey, the world’s largest scrap importer, raised global scrap prices sharply during the working week from Monday August 7 to Friday August 11.

Middle Eastern countries boosted their crude steel output in 2017, with producers calling for more trade protection measures to support self-sufficiency in the sector.

Ever since the emissions scandal roiled Volkswagen in 2015, OEMs have been acutely aware of the need to protect their reputations and toe the ESG line

ArcelorMittal has once again shaken the Brazilian steel market.