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.

Editor Vera Blei looks at the main news covered by Steel First this week.

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.

Some steel product prices in the United States have risen in response to the looming introduction of 25% tariffs on imports, while sentiment in steel markets outside the US has been dampened by fears of potential shifts in trade flows.

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

ArcelorMittal has once again shaken the Brazilian steel market.

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

The long steel industry in Brazil is marked by fierce competition, but the rivalry among local mills seems to be increasing.

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in November 2017.

Global ferrous scrap prices are expected to remain firm over the next few weeks, as Turkish mills continued their buying spree during the working week from Monday July 31 to Friday August 4.