Steel billet prices in most markets were stable or continued to slide in the week from Monday May 28 to Friday June 1, due to thin trading activity, falling scrap prices, and uncertainty about the United States renewing its sanctions on Iran.

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.

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

The price spread between higher and lower grades of iron ore continued to widen in 2017, mainly as a result of Chinese’s steelmakers’ growing profit margins.

The safeguard investigation by the European Commission (EC) into steel product imports is likely to result in quotas being applied instead of tariffs, according to the International Rebar Producers & Exporters Association (Irepas).

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

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

ArcelorMittal has once again shaken the Brazilian steel market.

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