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.

Fastmarkets MB presents the key things we learned when the ferro-alloys community gathered for a busy week of meetings and contract negotiations in Lisbon at the 34th International Ferro-alloys Conference on November 11-13.

Indian steel product export prices could fall if high import tariffs are applied to steel from countries such as South Korea, Turkey and Japan by the United States, sources have told Metal Bulletin.

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.

The heads of several steel industry associations in the United States remained divided on the effectiveness of the Section 232 tariffs on US steel imports but found some common ground on the subject of the yet to be signed US-Mexico-Canada Agreement (USMCA).

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.

Emirates Steel, the UAE’s largest integrated steel producer, recorded a 33% year-on-year increase in steel production in the third quarter of 2012, the company said in a results statement on Sunday November 11.

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

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

Offer prices for bulk ferrous scrap cargoes to Bangladesh have increased over the past week after higher prices were paid elsewhere in Asia, but several buyers remained out of the market, sources told Fastmarkets on Thursday May 14.