January 2021

AT A GLANCE: NLMK Q4 sales down in domestic, export markets

A summary of the 2020 fourth-quarter (October-December) operational results for Russia’s largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States.

CHINA REBAR: Pre-holiday lull weighs on domestic prices

China’s domestic rebar prices edged up slightly on Friday January 22, but they remain lower than a week earlier on softening demand ahead of the Chinese New Year holiday.

EGYPT STEEL BILLET, REBAR: Rebar prices fall; billet importers want duties gone

Rebar prices in Egypt remained unchanged over the week to Thursday January 21, while there was no billet import activity because of the recently imposed safeguard duties, sources told Fastmarkets.

CIS STEEL BILLET: Lack of demand, falling scrap costs send prices down

Prices in the Commonwealth of Independent States' (CIS) export billet market dipped on Thursday January 21 amid a lack of demand and falling scrap costs, sources said.

TURKEY STEEL BILLET: Limited demand, falling scrap costs push down prices

Steel billet prices in Turkey declined in the week to Thursday January 21, in response to weak demand and falling imported scrap costs, market participants told Fastmarkets.

CHINA REBAR: Rising futures halt price decreases

China’s domestic rebar prices stopped decreasing on Thursday January 21 amid higher trading activity and a strengthening futures market.

Iranian semi-finished steel prices down amid challenging market

Iranian export prices for steel billet and slab softened in the week to Wednesday January 20 amid challenging market conditions, Fastmarkets has heard.

CHINA REBAR: Pre-holiday lull drives down domestic, export prices

Chinese rebar prices decreased in both domestic and export markets on Wednesday January 20 due to softer end-user demand ahead of the Lunar New Year holiday.

FERROUS ANALYTICS: Runaway raw materials prices cut scrap premiums over hot metal

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.

Brazilian flat steel association sees room for more price increases in domestic market in February

Additional price increases in the Brazilian flat steel market are possible due to the current low supply, but buyers are already cautious after a series of price gains, national flat steel distributors association Inda said.