October 2021

POLAND WIRE ROD: Market braced for November price rises

Steel wire rod prices in Poland have remained broadly unchanged over the past seven days, but the market was expected to move up in November amid high costs for producers, source told Fastmarkets on Friday October 22.

POLAND REBAR: Producers target higher prices for November

Domestic prices for steel rebar in Poland were largely unchanged over the past week, but local mills would be looking for higher prices starting next week because of increased costs, Fastmarkets heard on Friday October 22.

CHINA REBAR: Demand rises following cut in prices

China’s domestic rebar prices fell sharply on Friday October 22 following a drop in the futures market, but the lower prices stimulated an increase in buying interest.

EGYPT STEEL BILLET, REBAR: Prices increase, demand slightly better

Egypt's prices for imported billet and domestic reinforcing bar increased in the week to Thursday October 21, with demand also picking up from previous weeks, sources told Fastmarkets.

TURKEY LONG STEEL: Domestic prices continue to rise amid higher scrap costs and weaker lira

Turkish domestic rebar and wire-rod prices have continued to rise over the past week due to higher scrap costs and a weaker lira, market sources said on Thursday October 21.

TURKEY LONG STEEL EXPORTS: Prices up on costlier scrap

Turkish reinforcing bar and wire rod export prices continued to increase over the past week due to strengthening scrap costs, market participants told Fastmarkets on Thursday October 21.

IRON ORE DAILY: Prices down amid drop in steel prices

Iron ore prices were largely down on Thursday October 21, following the bearish mood in terms of steel prices and demand, sources said.

CHINA REBAR: Futures drops to two-month low

China’s domestic rebar prices decreased on Thursday October 21 on weaker demand amid plunging futures.

US domestic, import rebar prices still stable; outlook hazy

Domestic and imported steel reinforcing bar prices in the United States were sideways on Wednesday October 20, but sources noted growing uncertainty around what the rest of the quarter may look like.

US wire rod prices set new highs in October

Wire rod prices in the United States rose by $40 per short ton ($2.00 per cwt) in October, to hit record highs for domestic and imported low-carbon wire rod, high-carbon wire rod and cold-heading quality wire rod.