As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in April 2017.

The latest news and price moves to start the Asian day on Wednesday March 28.

Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.

The latest news and price moves to start the Asian day on Tuesday March 13.

Price trends in the global billet market diverged in the week ended Friday January 12 because of a number of factors.

Demand from Turkish steel mills and tightening supply combined to push global scrap prices upward during the working week from Monday December 4 to Friday December 8.

Hyundai Steel’s planned merger with sister company Hyundai Hysco would be “credit positive” for the company as it would strengthen its business and financial profile, ratings agency Moody’s said.

Price trends in the global steel billet market were mixed in the week ended Friday February 2 with pricing moving in different directions in the various markets.

Prices for CIS-origin billet have softened over the past week as customers showed a preference for low-priced Chinese material over Russian and Ukrainian products, sources have told Steel First.

Egypt, the largest producer of direct-reduced iron (DRI) in Northern Africa, will increase its output further in 2019, Fastmarkets heard at the North Africa Iron & Steel Summit in Cairo on April 16-17.