July 2020

ArcelorMittal to restart export-oriented No2 BF at Brazil's Tubarão

ArcelorMittal Brasil will restart activities of the No2 blast furnace (BF) at its Tubarão mill, in the Brazilian south-eastern state of Espírito Santo, on July 26, after more than a year of downtime, the company said on Wednesday July 8.

Iranian billet prices gain amid demand recovery in China

Iranian export steel billet prices increased in the week ended Wednesday July 8 with demand recovering in China.

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.

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.

China’s daily crude steel output stabilizes in late June

Crude steel production rates among member mills of the China Iron & Steel Association (Cisa) stopped rising in late June, having risen steadily over the three months, according to data released last weekend.

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.

CIS STEEL SLAB: Prices stable on limited offers, sales to Asia

Commonwealth of Independent States (CIS) export slab prices remained unchanged over the week, with offers to foreign customers being limited because some mills were in no hurry to sell their allocations, sources said.

FOCUS: Deadly China-India border clash spills over into steel

A deadly border clash which began in the cold and windy highlands of Ladakh, in northeastern Kashmir, has spilled over into steel trading between China and India.

Brazilian slab export prices narrow downward in recent deals

Brazilian export prices for steel slab inched downward in the week ended Friday July 3 with recent deals closed near the lower end of the assessed range and higher offers being rejected.