Metal Bulletin reviews the major stories that have affected the steel market over the past week.
Raw MaterialsThe rise in intra-grade price differentials in the iron ore market have led to the need for more granular pricing references for the steelmaking raw material.Seaborne prices for hard coking coal received support this week, with Chinese buyers generating some buzz in the spot market.Vietnam scrap import prices are set to be the next Asian scrap benchmark with import volumes continuing to rise in 2018 on a year-on-year basis.Asia's scrap prices diverged this week, with demand for bulk-shipment cargoes picking up in Vietnam, while ample supply in Taiwan led to a drop in container prices.Austenitic prices in Europe for alloy steel scrap have been stable this week in typically quiet summer activity, while in the UK some...