April 2021

Brazilian slab export prices up on new offers, strong US flat steel market

Slab export prices from Brazil increased in the week ended Friday April 16 due to new offers and a steady flat steel market in the United States.

FOCUS: Brazil steel imports increase amid supply-demand imbalance

Brazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according to data from the economy ministry.

CIS STEEL BILLET: Mills look for support beyond nearer markets

Billet producers in the Commonwealth of Independent States selling material from the Black Sea basin continued to look for support outside nearer markets because buying activity there was limited by unfavorable market conditions.

FERROUS ANALYTICS: Mill margin bonanza causes steel profits to climb

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.

China's steel billet import market unsettled by drop in domestic prices

China's steel billet import market endured a volatile week, amid falling domestic steel prices, sources told Fastmarkets on Friday April 16.

CHINA REBAR: Prices in eastern China lose midweek gains

Eastern China’s domestic rebar prices dropped on Friday April 16, losing the gains made on Tuesday and Wednesday, and narrowing up by just 10 yuan per tonne from last Friday's price.

EGYPT STEEL BILLET, REBAR: No change on construction bans slows market

The steel billet and rebar market in Egypt was slow this week because of a lack of changes to the country's construction ban, sources told Fastmarkets on Thursday April 15.

TURKEY STEEL BILLET: Limited demand sinks domestic, export prices

Domestic and export billet prices in Turkey went down over the past week due to limited demand and negative sentiment in the market, sources told Fastmarkets on Thursday April 15.

Southeast Asia import billet prices up amid shortage in Philippines

Spot prices for imported steel billet into the Philippines have risen following fresh sales to the country in recent days with some buyers facing low stock levels, sources told Fastmarkets on Thursday April 15.

CHINA REBAR: Prices stop rising on weaker demand

China’s domestic rebar prices shed their upward momentum on Thursday April 15 due to the lower trading activity and short-lived gains in the futures market.