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Kardemir closes latest billet tender as local buyers book 30kt in under a week

02 Sep 2010 12:25

Turkish buyers have snapped up billet offered by Kardemir, forcing the company to close its tender for tonnage produced this month, market participants told MB.

Fob Turkey billet prices unchanged as Fe scrap firms up

02 Sep 2010 11:59

Prices quoted by Turkish exporters for billet cast this month have stayed steady, supported by firmer ferrous scrap prices, they said.

Other top stories

Egyptian buyers book Turkish rebar after Ezz raises prices Spot iron ore unchanged $150-151 cfr NSSC raises 300-series price on higher nickel, stronger yen

Editors' Choice

***MB SPECIAL REPORT: Big Guns — Key plants change ownership as RusSpetsStal files for bankruptcy

Comment & analysis

Workers at the beleaguered Teesside Cast Products (TCP) steelworks have reason to be hopeful. Last week, Corus, the plant’s owner, said it had signed a MoU to sell the north-of-England facility to Thailand’s Sahaviriya Steel Industries (SSI). A sales agreement is yet to emerge, but this is encouraging. Corus should be congratulated for the progress it has made and for the effort it has expended in finding a solution for the site — it has been a very difficult process. The political interests that have infiltrated the talks surrounding TCP should not.

Latest Headlines

Europe
***OBITUARY: John Dulley 02/09/10 11:23
EU CRC stable, imports flat 01/09/10 16:18
EU rebar mills seek €40 price rise as costs increase 01/09/10 13:26
***MILLING ABOUT: Plowman retires from Thamesteel 01/09/10 13:15
EU HDG stable but demand still very poor 01/09/10 13:10
Fe scrap prices firm into Turkey after Friday rises 01/09/10 13:02
ArcelorMittal Commercial Sections raises sections prices by €50 01/09/10 10:24
‘Not a done deal yet’ – SSI still arranging financing for TCP bid, says spokesman 31/08/10 16:24

China
China's pig iron prices edge higher on tight supply 02/09/10 07:48
Strong Chinese demand will support magnetite market, says IMX md 02/09/10 07:14
Some mills already agree iron ore price cut, Chinese sources say 02/09/10 07:04
Baosteel Stainless ups 400-series price, holds 300-series 02/09/10 05:31
***CHINA STEEL WRAP: Rebar up on Shagang price hike, better PMI 01/09/10 09:49
Shagang raises rebar list prices by $15 01/09/10 05:12
Yusco raises 400 series stainless export offers 01/09/10 04:04
Chinese rebar exporters ship tonnage to ME buyers 31/08/10 11:52

North America
(AMM) AK keeping electrical steel surcharge steady in October 02/09/10 15:34
(AMM) ATI shutters melt shop in consolidation move 01/09/10 22:44
(AMM) Manufacturing PMI registers 0.8% gain in August 01/09/10 22:34
(AMM) Steel import permit applications retreat 14.5% in August 01/09/10 22:03
(AMM) Greenville Tube production is halted by degreaser fire 01/09/10 21:53
(AMM) Houston steel cargoes on rise, port officials say 01/09/10 21:11
(AMM) Seversal sale talks heat up, blast furnace restart eyed 01/09/10 20:29
(AMM) Visteon Ch. 11 exit plan approved by bankruptcy court judge 01/09/10 18:54

Middle East
Turkish mills resume offering CRC to local market 02/09/10 13:09
Turkish HRC set to rise after Ramadan 02/09/10 12:28
Imidro in talks with foreign investors 02/09/10 10:01
EU mills increase rod prices, 1-3kt parcels sell 01/09/10 12:17
Thamesteel applies to list billet brand on LME steel futures contract 01/09/10 11:10
UAE buyers take no new Turkish rebar as mill exports to ME dribble out 31/08/10 15:08
ME rerollers pay much more for billet as CIS meltshops increase offers close to rebar 31/08/10 12:18
ME buyers pay $20 more for HRC, import tonnages still thin 31/08/10 12:04

CIS
Evraz sees sharp rise in first-half Ebitda as markets pick up [UPDATE] 02/09/10 13:33
Evraz sees sharp rise in first-half Ebitda as markets pick up 02/09/10 10:26
Increased construction helps Russian mills to rebar increases 01/09/10 14:39
CIS producers leave domestic hot rolled coil unchanged 01/09/10 12:22
***MILLING ABOUT: Grubman appointed Severstal Russian Steel ceo in management shakeup 31/08/10 15:51
***MILLING ABOUT: Grubman appointed Severstal Russian Steel ceo in management shakeup 31/08/10 14:48
CIS mills get more for HRC 31/08/10 12:20
DMZ sells out Sep heavy plate export allocations 27/08/10 12:44

Global
Evraz increases production in line with higher demand 02/09/10 13:30
***SWAPS REPORT: Buyers up their Fe ore bids as one OTC trade is reported 01/09/10 16:43
***SWAPS REPORT: Fe OTC trading bounces back with small volumes exchanged 31/08/10 17:27
***FREIGHT REPORT: Fe routes into China firm on increased demand 31/08/10 17:25
(AMM) Abstoss, in 'holding pattern,' evaluates market, next move 30/08/10 22:47
***SWAPS REPORT: OTC trade drought continues, brokers quote backwardations 27/08/10 14:24
***FREIGHT REPORT: Iron ore rates into China stabilise on flat demand 27/08/10 13:09
***MB FE SCRAP INDEX: Prices gain ground after Turkey books new cargoes 27/08/10 12:50

Asia
Indian mills increase domestic HRC prices on improved demand 02/09/10 00:00
***SPOTLIGHT: Sahaviriya's landmark TCP deal gets mixed reception in Thailand 01/09/10 10:48
South Korea HRC imports drop in August and will stay low in September 01/09/10 09:09
Japanese steel exports at 8-month low in July 01/09/10 07:21
Indian importers book Chinese plate at $ 640-650 cfr 31/08/10 09:54
South Korean rebar mills under pressure to cut output 31/08/10 09:47
VN Steel hikes rebar, wire rod prices again 31/08/10 09:27
Indian local billet prices rebound 31/08/10 09:25

Latin America
Brazilian monthly crude steel output stable in July 02/09/10 09:37
Chile’s CAP gets board go-ahead for $916 million iron ore projects 01/09/10 17:15
Vale and Gerdau Açominas close steel and coal transport deals 01/09/10 16:33
Sidor reaches 85% capacity rate as power returns 01/09/10 10:58
Venalum and Alcasa increase output as power supply improves 01/09/10 10:25
Ternium completes acquisition of 54% stake in Colombia’s Ferrasa 26/08/10 11:16
Tenova to supply walking beam furnaces for Gerdau’s new plate, hot strip mills 25/08/10 18:29
(AMM) Gerdau awards pacts for Brazil plate mill 25/08/10 18:18

Australasia & Pacific
Iron ore output at Rio's Brockman 4 mine set to double 02/09/10 06:13
Wiggins Island coal terminal delayed 01/09/10 04:12
Rio approves $1bn investment in new Hope Downs mine 30/08/10 08:21
Atlas Iron posts $37m loss, hit by strong currency 27/08/10 02:10
Rise in shipments pushes FMG's profit up 14% 26/08/10 03:56
Xstrata to buy Sphere Minerals for Mauritania iron ore 24/08/10 08:46
Election deadlock puts Australia mining taxes back on table 23/08/10 05:13
Rio-BHP merger not dead, say Australian analysts 20/08/10 05:59

Africa
Ezz Steel raises rebar prices by E£350 for September 01/09/10 11:42
***EZZ STEEL REBAR UP E£350 TO E£3,950 EXW, SEP PROD 01/09/10 11:12
Evraz Highveld earnings hit by production stoppage 31/08/10 14:40
Turkish mills set to boost merchant bar offers on higher costs 27/08/10 12:59
Turkey-origin wire rod unchanged as Mena bookings stay small 27/08/10 12:22
Zimbabwe reopens bidding for Zisco 27/08/10 11:56
African Minerals receives approvals for Tonkolili, moves forward with development 27/08/10 11:17
Ezz Steel sees 43% rise in H1 Ebitda, growth in demand and prices expected in H2 26/08/10 11:12

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