January 2019

CHINA REBAR: Domestic prices flat amid inactivity

Sparse trading kept China’s domestic rebar prices unchanged on Tuesday January 22.

Long Steel Products Trade Log, January 22, 2019

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

Rebar import prices in Singapore fall further on limited demand

Import prices for rebar in Singapore continued to fall over the past week due to limited end-user demand.

China AM: Coking coal contract bucks downtrend in ferrous futures market

China’s ferrous futures largely declined during morning trading on Tuesday January 22, apart from the coking coal contract, which ended slightly higher than its opening price.

Slow European long steel market scuppers early-year hopes of prices rises

The European long steel markets have started 2019 in lethargic fashion, disappointing suppliers that were resolutely raising their offer prices just two months ago in anticipation of strong demand.

UAE doubles import duty on rebar to 10%

The United Arab Emirates has increased the import duty imposed on rebar to 10%, from the previous 5%, Dubai Customs announced on Wednesday January 16. The duties became effective the following day.

Long Steel Products Trade Log, January 21, 2019

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

CHINA REBAR: Prices up on lower sales pressure

The upward momentum in China’s rebar market strengthened on Monday January 21 with sellers being under less pressure to cut their inventories.

China AM: Ferrous futures soften after release of industrial data

China’s ferrous futures largely declined during morning trading on Monday January 21 amid the release of industrial data by the National Bureau of Statistics (NBS).

China’s Shagang rolls over long steel prices for late January

Eastern China’s Shagang has rolled over the prices for its long steel products for shipment in late January.