October 2021

Brazilian slab export prices decline, but demand remains strong

Prices for Brazilian slab declined in the export market amid fresh deals, but sources see solid demand.

Deluge of steel billet cargoes offered to Southeast Asia amid China crash

Large volumes of steel billet position cargoes held by traders have been offered at lower prices to buyers in Southeast Asia in recent days amid China’s continued price decline, sources told Fastmarkets.

CIS STEEL BILLET: Sharp drop in Chinese long steel market sends prices down

A sharp drop in domestic billet and rebar prices over the past few days in China resulted in a change of mood in the Commonwealth of Independent States' export billet market, sources told Fastmarkets.

CHINA REBAR: Demand rises following cut in prices

China’s domestic rebar prices fell sharply on Friday October 22 following a drop in the futures market, but the lower prices stimulated an increase in buying interest.

EGYPT STEEL BILLET, REBAR: Prices increase, demand slightly better

Egypt's prices for imported billet and domestic reinforcing bar increased in the week to Thursday October 21, with demand also picking up from previous weeks, sources told Fastmarkets.

CIS STEEL BILLET: Prices rise as mills eye uptrend in Turkish market

Prices in the Commonwealth of Independent States’ export market for steel billet moved up on Thursday October 21 amid rising scrap and domestic billet prices in Turkey, which added to the positive expectations among sellers.

Extended rolling mill closures smash China steel billet prices

Reduced operations at steel rerolling mills in several key cities across China have hurt prices for steel billet in China’s local and import markets, sources said on Thursday October 21.

CHINA REBAR: Futures drops to two-month low

China’s domestic rebar prices decreased on Thursday October 21 on weaker demand amid plunging futures.

Iranian billet export prices increase with new deals, slab market silent

Iran’s billet export prices increased after deals made in the week to Wednesday October 20, while the slab export market was silent during the week, sources told Fastmarkets.

CHINA REBAR: Prices down after coal futures dive

China’s domestic rebar prices decreased on Wednesday October 20 amid weak demand following a sharp decrease in coal futures.