Global steel billet prices continued their upward march last week, despite the general slowdown in buying activity, Metal Bulletin has learnt.

Metal Bulletin proposes to re-align its Brazilian domestic steel prices to reflect 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 downtrend in global billet prices continued over the past week as buyers looked out for bargains amid poor demand for downstream long steel products.

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.

The Brazilian long steel market continued to show only weak trading activity for both domestic and foreign sales during September.

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.

Here are five Fastmarkets MB stories you might have missed on Monday July 8 that are worth another look.

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.