Steel billet prices fell in most markets this week, as demand remained limited and sellers from China and other regions were forced to reduce their offers.

Fastmarkets' CIS steel prices on Monday April 29 will be rolled over because of the Orthodox Easter holiday on April 29-30 and the Labor Day holiday on May 1.

Scrap prices in the global markets continued to increase during the working week from Monday August 14 to Friday August 18, on strong demand in the major markets and tight supply.

Anshan Steel's investment in Steel Development Co (SDC) will not be the first time a Chinese steel company has taken a stake in a US steelmaker. The share it buys will not even be the largest.

A boom in construction is driving growth in East Africa’s steel industry. In the first of a series of reports, Nina Nasman gives a rundown of Kenya’s and Tanzania’s biggest names in steel.

Steel demand in the Middle East will keep growing in 2018 and beyond, but the region needs trade protection measures to support local producers, according to UAE-based flat steel re-roller and coater Al Ghurair Iron & Steel (AGIS) chief executive officer Abu Bucker Husain.

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

China National Building Materials & Equipment Import & Export Corp (CNBM) has launched a physical trading platform for iron ore, coking coal and steel products.

Growth in Turkey’s steel industry ranks third in the world behind only China and India, according to Veysel Yayan, general secretary of the Turkish Iron and Steel Producers’ Assn (DCUD).

Latin America editor Ana Paula Camargo looks at the main news covered by Steel First over the past week.