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 Wednesday March 28.

European steelmakers have called for the European Commission (EC) to review its decision to liberalize its import safeguard measures by increasing quota volumes by 5% each year, Fastmarkets has learned.

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

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

Steel imports are poised to halt a five-month slide and jump 10.7% from September to October thanks to gains in line pipe, hot-dipped galvanized products and hot-rolled coil.

Iron ore producer Earthstone Group is looking to build steel plants in Indonesia and Morocco, assistant vice president Joshina Kapoor has said.

China’s crude steel output retreated in late December following consecutive increases that began in mid-November.

China’s largest steelmaker Hebei Iron & Steel expects its full-year results for 2013 to remain at low levels on account of the weak the steel market last year.

A Chinese steel mill has suspended blast furnaces after a loan default almost brought the mid-tier mill to bankruptcy.