The Chinese domestic price for silico-manganese has drifted downward significantly in recent assessments because some alloy smelters reduced their offer prices to attract buying interest and generate cash amid the sluggish demand circumstances created by the outbreak of the 2019-nCoV coronavirus, market participants have told Fastmarkets.

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).

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

Steel billet prices moved up last week in most regional markets despite a general weakness in demand for long steel products, with the biggest gains seen in China and Southeast Asia.

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

The Brazilian long steel market in February was marked by rumors of price increases and the approval, with restrictions, of the merger between ArcelorMittal Brasil and Votorantim Siderurgia.

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

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

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

The upcoming Lunar New Year period is expected to dampen demand for steel in Asia, although the extent to which it does so continues to depend on the ongoing winter production cuts in China that are scheduled to last until mid-March this year.