July 2021

Brazilian slab export prices edge down on cautious market

Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.

Indian local billet prices up $13/t in line with rising rebar prices

Indian domestic prices for secondary steel billet rose by about $13 per tonne during the week to Friday July 23 on stronger demand for finished products, particularly rebar, sources said.

China steel billet import prices continue to climb in fresh deals

A barrage of import steel billet deals have been concluded with Chinese buyers this week at progressively higher prices, sources told Fastmarkets on Friday July 23.

Vietnam Steel Association leads pushback against proposed billet export tax

The Vietnam Steel Association (VSA) is leading an industry-wide pushback against the country’s proposed export tax of 5% on steel billet, it said on Friday July 23.

CHINA REBAR: End-user demand in eastern region drops ahead of typhoon

China’s domestic rebar prices rose on Friday July 23 on stronger restocking demand and lower production, but end-user demand weakened in the eastern coastal region ahead of an upcoming typhoon.

IN CASE YOU MISSED IT: 5 key stories from July 22

Here are five Fastmarkets stories you might have missed on Thursday July 22 that are worth another look.

CIS STEEL BILLET: Prices rise in deals

Export billet prices from the Commonwealth of Independent States increased toward the end of the week after several bookings done at higher prices came to light, sources told Fastmarkets.

CHINA REBAR: Weak end-user demand, strong futures keep prices flat

China’s domestic rebar prices were unchanged on Thursday July 22 amid a confluence of opposing factors, but market participants expect them to regain their upward momentum soon.

Export billet prices from Iran surge on limited availability, improving demand in China

Iranian steel billet export prices continued to rise in the second half of July on improving demand from China, but availability is being constrained by a slowdown in steel production caused by electricity shortages, sources told Fastmarkets on Wednesday July 21.

CHINA REBAR: Higher exw prices push up spot prices

China’s domestic rebar prices picked up slightly on Wednesday July 21 following major mills raising ex works prices.