For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. British Steel, the U.K.’s second-largest steelmaker, went into liquidation Wednesday. The firm had previously acquired a government loan equivalent to $152 million to pay its carbon bill, and sought another loan to avoid collapse. Unfortunately for the firm — which employs 5,000 directly with an additional 20,000 depending on its supply chain — that never came. MetalMiner’s Belinda Fuller touched on the relationship between a weakening Chinese yuan and U.S. imports of cold-rolled coil (CRC). “With the Chinese currency weakening once more against the U.S. dollar, MetalMiner expects Chinese imports will start to look increasingly attractive to would-be U.S.-based importers,” Fuller wrote. “However, once we account for the tariffs and import costs, the spread between U.S. and Chinese prices looks effectively negligible.” Housing starts showed more life in April, according to data released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. U.S. ...