March 2020

AT A GLANCE: JFE Steel faces zero profit for first time in history

Major Japanese steelmaker JFE Steel is facing the prospect of recording zero profit for the year ending March 2020 for the first time in its history due to global economic tensions and rising raw materials prices, it warned on Friday March 27.

Flat Steel Products Trade Log, March 30, 2020

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

Long Steel Products Trade Log, March 30, 2020

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.

Semi-finished Steel Products Trade Log, March 30, 2020

The latest bids, offers and deals in the global markets for steel billet, steel slab and bloom.

CHINA REBAR: Rate cut sparks bearish sentiment

China domestic rebar prices fell on Monday March 30 on pessimism over the recovery of demand in the country after its central bank cut the rate on seven-day reverse repurchase agreements by 20 basis points - the largest in nearly five years.

China ferrous scrap prices plunge on destocking

China’s domestic prices for steel scrap decreased over the past week on bearish sentiment and destocking by sellers, market participants said.

Key takeaways from the latest Steel Raw Materials Weekly Market Tracker

The latest forecasts from Fastmarkets' team of analysts is ready to view.

ASIA HRC: Turmoil in Vietnam as traders aim to offload India cargoes quickly

There was turmoil in Asian hot-rolled coil markets over the past week, with prices plunging in Vietnam amid efforts by traders to offload materials quickly to sellers.

Increasing risk of Covid-19 infections keeps Singapore rebar buyers away

The increasing risk of Covid-19 infections in Singapore has kept rebar buyers from the island state away from the import markets, according to market participants.

Camu pitches streamlining, renaming of scrap in call to reopen Chinese market to imports

The China Association of Metalscrap Utilization (Camu) is urging the Chinese government to reopen the country to ferrous scrap imports to meet rising demand and reduce steelmaking costs.