Spot demand for imported ferrous scrap in key Asian market Vietnam slowed in the week to Friday June 19 after buyers noted a dip in prices from the middle of the week.

China’s spot steel prices were mixed on Wednesday May 30 with prices of some steel products rebounding while those of others fell.

Global scrap prices pushed up in the working week from Monday June 5 to Friday June 9, except on the US East Coast.

Prices for steel scrap imported into Bangladesh in containers have gone down again over the past week, while those for bulk cargoes were steadier, market participants told Fastmarkets on Thursday October 8.

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

The seaborne iron ore market was quiet at the start of the week, although news of output cuts at mills in a key steel production region in north China, shook market confidence.

Prices for Asia-origin steel commodities could remain elevated for April- and May-shipment cargoes, although this will depend on further policy changes in China and the United States, market sources have told Metal Bulletin.

Steel will remain a competitive building material despite big Section 232 tariffs, the American Institute for Steel Construction (AISC) has advised its membership - ranging from steel fabricators to structural engineers.

The temporary exemption granted to EU countries from steel import tariffs in the United States is a “cause for optimism” but action should be taken to avoid a glut of imports from countries which will be affected by the measures, industry group UK Steel said on Thursday March 22.

Anshan Iron and Steel Group’s investment in Steel Development Company (SDC) wasn’t the first time a Chinese company had taken a stake in a US steelmaker