September 2020

CHINA REBAR: Production curbs notice fails to stimulate buying interest

China’s domestic rebar prices were flat on Tuesday September 29 amid a less-than-bullish outlook after the release of a draft plan for autumn-winter steelmaking restrictions.

FOCUS: HRC vs iron ore - who is leading whom?

Steel market participants often identify iron ore as the key driver of steel prices because mills typically formulate their pricing strategies based on raw material costs - but this appears to have changed in 2020.

US MBQ steel prices rise on mill increases

Prices for domestic and imported merchant bar quality (MBQ) steel in the United States rose by $1.50 per hundredweight ($30 per short ton) in response to a round of price increases by domestic mills.

RUSSIA REBAR: Steady prices backed by seasonally strong demand from construction sector

Domestic steel rebar prices in Russia's Central Federal District around Moscow were steady in the week to September 28, supported by seasonally good demand from the construction sector, sources told Fastmarkets on Monday.

CHINA REBAR: Prices rise amid increased pre-holiday buying

China’s domestic rebar prices gained some upward momentum on Monday September 28 on a strengthening of demand.

Singapore rebar import market continues to experience limited spot activity

Singapore's rebar import market continued to experience limited spot activity in the week to Monday September 28, with buyers still not looking to purchase imported materials.

CHINA STEEL SCRAP: Price decreases accelerate on rebar market plunge

China’s domestic ferrous scrap prices dropped at more rapid pace over the past week than the preceding week on a weakening finished steel market, though demand for the steelmaking raw material was stable.

POLAND REBAR: Prices up in fresh offers on strong buying, higher costs

Poland’s steel rebar producers have pushed for new price increases this week on good buying activity, rising raw materials costs and a lack of competitive imports in the market, sources told Fastmarkets on Friday September 25.

CHINA REBAR: Absent restocking demand pushes down prices

Soft demand sent China’s domestic rebar prices falling this week, with those in the eastern region being down by 60-80 yuan per tonne despite holding steady on Friday September 25.

EGYPT STEEL BILLET, REBAR: Billet import prices fall, demand remains weak

Imported billet prices in Egypt fell this week because of lower offers in the market, while local rebar prices remained unchanged, sources told Fastmarkets on Thursday, September 24.