February 2020

TURKEY LONG STEEL: Softer lira, firmer demand, higher scrap costs push up prices

Turkish domestic long steel prices have increased over the past week on further weakness of the country’s lira, rising scrap costs and improving demand that was itself triggered by the upturn in prices, sources said on Thursday February 20.

TURKEY LONG STEEL EXPORTS: Firm scrap costs push up prices despite limited demand

Turkish rebar and wire rod export prices have continued to increase in line with rising scrap costs although demand, especially for rebar, was still not strong enough for the mills, sources said on Thursday February 20.

NEWSBREAK: Dexin Steel Indonesia to fire up blast furnace on Feb 21

Dexin Steel Indonesia will fire up its first blast furnace on Friday February 21, an industry source told Fastmarkets.

CHINA REBAR: Prices mixed amid partial resumption of construction

China’s domestic rebar prices were mixed on Thursday February 20, with a partial resumption of work by the construction sector providing support in the eastern region while the cold weather in the north kept demand in check.

Long Steel Products Trade Log, February 20, 2020

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

IN CASE YOU MISSED IT: 5 key stories from February 19

Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.

US wire rod prices stable; lead times extending

Wire rod prices in the United States are stable after February’s scrap decline halted the upward trajectory recorded over the past three months, but extended lead times and increased demand have sparked optimism among market participants.

EUROPE WIRE ROD: Prices stable on quiet trading, divergent scrap pricing

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week with most market participants focusing on trading steel rebar instead, sources told Fastmarkets on Wednesday February 19.

EUROPE REBAR: Prices unchanged on divergent scrap costs in Europe, Turkey

Domestic steel rebar prices in Europe were largely unchanged this week, with participants saying on Wednesday February 19 that the market was caught between lower monthly European scrap costs but rising daily Turkish scrap prices.

AT A GLANCE - Gerdau Q4 adjusted earnings down 19.4% vs previous year

A summary of The Brazil-based flat and long steel producer Gerdau's financial performance in the fourth quarter of 2019.