The Australian Anti-Dumping Commission has been given an extension of two months to conclude an investigation into imports of hot dip galvanised (HDG) steel from India and Vietnam.

Member mills of China Iron & Steel Association (Cisa), recorded a combined profit of 2.3 billion yuan ($373 million) in July, reversing losses seen in June, the assn said on Thursday August 29.

Base metals traded on the London Metal Exchange are mainly firmer this morning, Wednesday September 27, with gains averaging 0.6%. Volume has been average with 6,713 lots traded as of 06:48 BST.

The latest news and price moves to start the Asian day on Wednesday May 2.

The latest news and price moves to start the Asian day on Friday January 26.

China’s major mills lowered their crude steel output rates further in late October even as finished steel inventories continued to decrease.

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

The Brazilian long steel market was largely stable in January, but prices are now expected rise and a government decision on whether to allow ArcelorMittal Brasil to take control of Votorantim Siderurgia's long steel assets is imminent.

Global billet prices have shown mixed dynamics over the past week, as an uptick in Turkish scrap prices dragged up CIS and Turkish billet prices, while Southeast Asian and UAE billet prices were down due to poor sentiment.

China’s crude steel output declined in mid-January after a short-lived rise at the start of the month.