November 2019

CHINA REBAR: Prices rise further, but pessimism emerges

China’s domestic rebar prices increased further on Monday November 18 amid low inventories, though participants were less optimistic about the market due to softening demand.

Semi-finished Steel Products Trade Log, November 18, 2019

The latest bids, offers and deals in the global markets for steel billet, slab and bloom.

FOCUS: GCC billet suppliers look outward amid slowing domestic construction

Billet producers in the Gulf Cooperation Council (GCC) countries have become more active in export markets this year amid a slowdown of construction activity in the region, Fastmarkets has learnt.

China’s crude steel output slides in October

China’s crude steel and molten iron’s production dipped in October after rising just a month earlier, according to the country's National Bureau of Statistics.

GLOBAL BILLET WRAP: Prices rise again on Chinese demand, higher scrap costs

Steel billet prices in most markets around the world continued on an upward trend in the week ended Friday November 15 amid a recovery in scrap prices in the Turkish import market as well as increasing demand for billet in China.

Brazilian slab export prices slide but demand improving

Brazilian slab export prices declined this week, though market participants are optimistic that demand is starting to recover.

Indian domestic steel billet prices fall on low rebar demand

Domestic prices for secondary steel billet in India over the week to Friday November 15 fell by 400 rupees ($6) per tonne, with makers of long steel products reducing their purchases of semi-finished material on a lack of sustained demand for products such as rebar.

CIS STEEL BILLET: Sale to Turkey sends prices upward

The CIS export billet price picked up at the end of the week on a booking to Turkey, market participants said.

Limited supply drives up Southeast Asian billet import prices

Prices in Southeast Asia’s steel billet market were given a boost during the week to Friday November 15 due to limited cargoes available in the spot market after Chinese buyers resumed billet imports.

CHINA REBAR: Prices rise further but caution emerges

China’s rebar prices continued to rise on Friday November 15, though traders have started to become more cautious about the market losing its upward momentum.