Metal Bulletin reviews the major stories that have affected the steel market over the past week.
Raw materials A cargo of premium hard coking coal fetched a significantly higher price on Thursday, though market participants have dismissed the transaction as one-off.China's coke prices have peaked, sources said this week, with downside concerns arising over the decline in export activity and the potential for further environmental restrictions.Ferrous scrap export sales from the United States to Turkey have continued at a steady clip in recent days, with US mills starting to mull July scrap settlements.Import prices for containerized heavy melting scrap (HMS) in Taiwan remained stable as end-users resisted higher offers from sellers amid tepid demand.Prices for containerized shredded scrap imports into India slipped this week following a halt in buying.Prices for alloy steel scrap in the United Kingdom and Europe were unchanged this week despite falls in the price of both ferro-chrome and nickel.SteelFlat steel production...