January 2020

Southeast Asia billet import price moves on improving demand despite bearish outlook

Prices in Southeast Asia’s steel billet market fluctuated over the week to Friday January 17 amid improving demand from the Philippines, although market participants were bearish on price levels following the decline in ferrous scrap prices.

CHINA REBAR: Futures rise after release of 2019 data

China’s domestic rebar prices remained flat on Friday January 17 amid inactivity, though the futures market gained some strength following the release of economic data for 2019.

Long Steel Products Trade Log, January 17, 2020

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

TURKEY LONG STEEL: Firm lira, falling domestic scrap costs drag down prices

Domestic prices for rebar and wire rod in Turkey have inched downward over the past week in line with the falling domestic scrap prices and a stronger lira, sources said on Thursday January 16.

US raises anti-dumping duties on Mexican rebar, Irepas says

The United States Department of Commerce has increased the anti-dumping duties applied to some rebar imported from Mexico, and introduced a new duty on previously exempt Mexican producer Deacero, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday January 15.

EGYPT STEEL BILLET, REBAR: Prices fall, demand weak

Prices for steel rebar in Egypt fell again in the week to Thursday January 16, due to weak demand and falling billet prices, sources told Fastmarkets.

TURKEY LONG STEEL EXPORTS: Falling scrap costs, low demand push prices downward

Sentiment in the Turkish long steel export markets has turned negative over the past week because of poor demand and signs of weakening scrap costs, sources said on Thursday January 16.

China market participants unfazed by US steel exports in wake of trade war truce

Market participants in China say they are not worried by the expected increase in steel imports from the United States, even after the two major economic powers signed the phase one economic and trade agreement on Wednesday January 15.

CHINA REBAR: Lower output among EAF mills supporting prices

Lower production rates are keeping China’s domestic rebar prices supported amid weakening demand ahead of the Chinese New Year.

Long Steel Products Trade Log, January 16, 2020

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