Metal Bulletin reviews the major stories that have affected the steel market over the past week.
Import prices for containerized HMS-grade scrap in Taiwan dropped further this week amid persistently poor end-user demand in the spot market.Trading activity remained lackluster in the iron ore market on Friday June 8, with lower prices reported for Australian fines at Chinese ports, although a seaborne cargo of Brazilian Blend fines was traded for more than $70 per tonne cfr.Seaborne coking coal prices ended the week higher, amid a strengthening market for metallurgical coke in China and a pick-up in buying activity among traders.The UK light iron scrap market was stable for the ninth week in a row, amid mixed reports about monthly delivery settlements to consumers in June.Prices for...