Metal Bulletin reviews the major stories that have affected the steel market over the past week.
Iron ore prices and trading activity both faltered on Friday April 20, after the value of Metal Bulletin's 62% Fe Iron Ore Index surged by more than $2.50 per tonne a day earlier.The stoppage of Anglo American's Minas-Rio iron ore operation in Brazil will have an effect, albeit a small one, on worldwide supplies and prices of high-grade materials, according to Metal Bulletin's analysis.Sentiment in the seaborne coking coal market remains bearish although more transactions, along with price increases, were reported on Friday.In the scrap market, prices dipped in the bulk sector due to downward pressure from Turkish import prices. These fell midweek in several trades for material from the United States and the Baltic Sea.But this downward trend was not seen in the containerized scrap import market. Taiwanese scrap import prices remained flat on sparse trading, while the prices of shredded scrap imports into India corrected upward.In the Latin...