July 2020

CHINA REBAR: Restocking demand pushes up domestic prices

China’s domestic rebar prices increased further on Wednesday July 8 on restocking demand and rising futures.

WEBINAR: China’s rebar consumption recovery ‘extraordinary’; bright spots remain for stainless steel – panel

The recovery in Chinese steel consumption, especially that for rebar, has been “extraordinary”, while the downturn in the automotive sector may not necessarily mean stainless steel demand will decline this year, delegates heard at Fastmarkets’ Covid-19 and Asian ferro-alloys markets webinar on Tuesday June 30.

GULF STEEL BILLET, REBAR: Prices stable, demand moderate

Prices for steel rebar and billet in the United Arab Emirates were stable this week due to only limited demand, sources told Fastmarkets on Tuesday July 7.

CHINA REBAR: Domestic prices rise amid steelmaking inspections

China’s domestic rebar prices moved up on Tuesday July 7 on gains in the futures and billet markets fueled by concerns over how strict local authorities are in implementing production restrictions in the country’s steelmaking hub of Tangshan.

IN CASE YOU MISSED IT: 5 key stories from July 6

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.

RUSSIA REBAR: Prices supported by improved demand

Domestic steel rebar prices in Russia’s Central Federal District around Moscow were broadly stable in the week to Monday July 6, supported by good demand, sources told Fastmarkets on Monday July 6.

WEBINAR: Infrastructural steel, ferro-alloys have ‘great prospects’ in H2

China’s infrastructure spending has aided the steel market’s recovery from the effects of Covid-19 shutdowns and is very likely to facilitate “a great prospective” for the consumption of steel and ferro-alloys used in infrastructure, delegates heard at Fastmarkets’ “Covid-19 and Asian ferro-alloys market” webinar on Tuesday June 30.

CHINA REBAR: Trading active despite heavy rains

China’s rebar market in the east posted active trading on Monday July 6 amid high futures prices, although demand overall is expected to be weak due to the heavy rains in the south and east.

Singapore rebar prices unchanged amid lack of spot negotiations

There were no spot negotiations for rebar imports in Singapore this past week because downstream construction activity remained weak, market sources told Fastmarkets.

POLAND REBAR: Prices widen on strong domestic, export demand

Domestic prices for steel rebar in Poland widened in the week to Friday July 3, supported by good demand both domestically and abroad, sources told Fastmarkets.