January 2021

AT A GLANCE: NLMK Q4 sales down in domestic, export markets

A summary of the 2020 fourth-quarter (October-December) operational results for Russia’s largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States.

CHINA REBAR: Pre-holiday lull weighs on domestic prices

China’s domestic rebar prices edged up slightly on Friday January 22, but they remain lower than a week earlier on softening demand ahead of the Chinese New Year holiday.

US rebar prices close in on $40/cwt

Reinforcing bar steel prices in the United States continue to rise following recent price increases by domestic mills.

EGYPT STEEL BILLET, REBAR: Rebar prices fall; billet importers want duties gone

Rebar prices in Egypt remained unchanged over the week to Thursday January 21, while there was no billet import activity because of the recently imposed safeguard duties, sources told Fastmarkets.

TURKEY LONG STEEL: Domestic rebar prices down on limited demand

Turkish rebar prices have gone down over the past week amid soft demand for material, sources said on Thursday January 21.

TURKEY LONG STEEL EXPORTS: Prices down on soft demand, falling scrap costs

Turkish export prices for steel rebar and wire rod have gone down over the past week amid soft demand and falling scrap costs, market sources said on Thursday January 21.

Voestalpine restarts BF in Donawitz to meet growing steel demand

Austrian steelmaking group Voestalpine has decided to relight the second blast furnace (BF) at its Donawitz site to meet growing demand for long steel, the company said on Thursday January 21.

CHINA REBAR: Rising futures halt price decreases

China’s domestic rebar prices stopped decreasing on Thursday January 21 amid higher trading activity and a strengthening futures market.

Italy's crude steel output down 12% in 2020

Crude steel output in Italy declined by 12.2% year-on-year in 2020, despite a double-digit increase in December, Italian steel association Federacciai said on Wednesday January 20.

SOUTHERN EUROPE WIRE ROD: Prices stay high; supply tightness supports

The domestic price for steel mesh-quality wire rod in Southern Europe was generally stable in a week to Wednesday, with buying activity reported to have slowed because of an unclear trend in the scrap market, sources told Fastmarkets on January 20.