November 2018

China AM: Ferrous futures prices shed upward momentum

China’s ferrous futures, particularly the steel and coke contracts, tumbled during morning trading on Thursday November 15 on profit-taking after across-the-board gains a day earlier.

EUROPE WIRE ROD: Market starts to rise as import quota becomes a factor

European prices for mesh-quality wire rod rose across the Northern and Southern parts of the continent on Wednesday November 14, with the volume available in the EU’s import quota continuing to go down.

SOUTHERN EUROPE REBAR: Low end of price range rises again as sellers push offers

The price for rebar produced and delivered in Southern Europe pushed slowly upward again on Wednesday November 14, with sellers offering higher prices due to high costs but consumers so far unwilling to commit to large-volume deals.

NORTHERN EUROPE REBAR: Buyers resist producers' attempts to raise prices on higher costs

The price for rebar produced and delivered in Northern Europe stayed flat on Wednesday November 14, with producers remaining firm on their offer prices despite higher production and raw material costs.

EUROPE SECTIONS: Prices flat despite threat of mill increases

Prices for hollow steel sections in Northern Europe were flat this week amid stable market conditions, Fastmarkets heard on Wednesday November 14.

EUROPE BEAMS: Prices flat but mills pushing for rises

Steel mills have begun pushing for an increase in the domestic price for steel beams in Europe, despite market conditions and feedstock costs remaining stable, but prices did not show any change this week, sources told Fastmarkets on Wednesday November 14.

Long Steel Products Trade Log, November 14, 2018

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

CHINA REBAR: Domestic prices tumble on despite rising futures

China’s domestic rebar market maintained its downward trend on Wednesday November 14 despite rising futures.

China AM: Ferrous futures post mid-week surge

China’s ferrous futures rose across the board during morning trading on Wednesday November 14, following the release of data showing higher-than-expected industrial output in October.