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

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

Fastmarkets proposes to discontinue its weekly export price assessment for rebar in Latin America, which is made on a $ per tonne fob main port basis.

Steel billet prices increased in most global regions last week, following consecutive rises in the Chinese billet market and better demand in some importing countries.

Global steel scrap prices softened in the week ended Friday July 6, amid a fall in demand across most regions. Turkey booked no new deep-sea cargoes and the Indian market was also quiet, while prices on the East Coast of the United States remained flat due to a lack of deals.

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Friday December 28.

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.

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.

Fastmarkets MB’s weekly price assessments for the CIS export steel market will not be published on October 15 because of a public holiday in Ukraine.

Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.