July 2021

German steel production keeps rising in June - WV Stahl

Crude steel production in Germany continued to rise in June, recording a fourth consecutive month of recovery, German steel federation WV Stahl said on Thursday July 23.

Indian local billet prices up $13/t in line with rising rebar prices

Indian domestic prices for secondary steel billet rose by about $13 per tonne during the week to Friday July 23 on stronger demand for finished products, particularly rebar, sources said.

Badische Stahlwerke denies rolling mill stoppage

Long steel producer Badische Stahlwerke has denied that there was a stoppage at its rolling mill in southwest Germany, a source at the company told Fastmarkets on Friday July 23.

POLAND WIRE ROD: Mills increase offers for August; market accepts due to shortages

Domestic steel wire rod producers in Poland raised their prices for August rolling as expected, with the new levels likely to be accepted by buyers due to the supply shortage, market sources told Fastmarkets on Friday July 23.

POLAND REBAR: Market seasonally quiet; prices broadly stable

Trading in Poland’s steel rebar market was seasonally slow during the week to Friday July 23, with prices remaining broadly stable or slightly lower, sources told Fastmarkets.

CHINA REBAR: End-user demand in eastern region drops ahead of typhoon

China’s domestic rebar prices rose on Friday July 23 on stronger restocking demand and lower production, but end-user demand weakened in the eastern coastal region ahead of an upcoming typhoon.

Chinese steel market to remain positive into 2022, prices to remain elevated, CMISI says

The China Metallurgical Information & Standardization Institute (CMISI) has a positive outlook for the country’s steel market amid strong demand from a transformation of domestic steelmaking facilities and production curbs.

IN CASE YOU MISSED IT: 5 key stories from July 22

Here are five Fastmarkets stories you might have missed on Thursday July 22 that are worth another look.

CHINA REBAR: Weak end-user demand, strong futures keep prices flat

China’s domestic rebar prices were unchanged on Thursday July 22 amid a confluence of opposing factors, but market participants expect them to regain their upward momentum soon.

US steel wire rod prices approach record high

Prices in the United States for domestic and imported carbon steel wire rod rose by $40 per ton in July, nearing an all-time high for domestic product and a record for imports.