Following market consultation, Steel First has decided to discontinue its three Ukrainian domestic price assessments – for rebar, hot rolled coil and cold rolled coil.

Base metals prices on the London Metal Exchange are up by an average of 0.5% this morning, Wednesday September 20. Most metals are in positive territory, with three-month copper prices up by 0.5% at $6,563 per tonne, although zinc prices, down by 0.2%, are bucking the uptrend. Volume has been below average with 4,335 lots traded as of 06:31 BST.

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

Global ferrous scrap prices continued to tumble in the week from Monday January 22 to Friday January 26, amid poor demand for Turkish rebar and weaker sentiment among traders.

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

China’s daily crude steel output rebounded in early April amid a recovery in domestic steel prices.

Japanese imported flat rolled steel stockpiles rose by 8.2% at the end of June, marking the first rise in three months.

Scrap prices in the global market have mostly been stable during the working week from Monday August 21 to Friday August 25, as the Turkish market approached a holiday period and other major markets were showing weak demand.

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

Investment in rail infrastructure and a reduction in bureaucracy are required to provide a platform for growth in Turkish steel exports, according to Aysen Ustunay, export manager at MMK Metalurji.