September 2020

CHINA REBAR: Production curbs notice fails to stimulate buying interest

China’s domestic rebar prices were flat on Tuesday September 29 amid a less-than-bullish outlook after the release of a draft plan for autumn-winter steelmaking restrictions.

CIS STEEL BILLET: Market falls quiet on offer-bid mismatch

The CIS export market for steel billet has turned quiet at the end of September with a growing difference between mills’ offers and customers’ bids, Fastmarkets has heard.

CHINA REBAR: Prices rise amid increased pre-holiday buying

China’s domestic rebar prices gained some upward momentum on Monday September 28 on a strengthening of demand.

Brazilian slab export prices narrow upward on high-priced offers

Export prices for Brazil-origin slab narrowed upward on Friday September 25 due to producers withdrawing low-priced offers and focusing on markets where demand is higher.

Indian billet price drops $8 on weak demand, cheaper raw materials

Indian domestic prices for secondary steel billet have fallen by 600 rupees ($8) per tonne in the week to Friday September 25, with subdued demand resulting in fewer inquiries, in addition to a fall in the prices of raw materials such as direct-reduced iron (DRI).

CHINA REBAR: Absent restocking demand pushes down prices

Soft demand sent China’s domestic rebar prices falling this week, with those in the eastern region being down by 60-80 yuan per tonne despite holding steady on Friday September 25.

EGYPT STEEL BILLET, REBAR: Billet import prices fall, demand remains weak

Imported billet prices in Egypt fell this week because of lower offers in the market, while local rebar prices remained unchanged, sources told Fastmarkets on Thursday, September 24.

TURKEY STEEL BILLET: Prices drop on weak demand, downturn in scrap costs

Turkish steel billet prices weakened over the past seven days in response to limited demand and falling imported scrap values, sources told Fastmarkets on Thursday September 24.

CHINA REBAR: Production cuts improve sentiment

China’s domestic rebar prices stopped dropping on Thursday September 24 with mills in several regions, including the northern region’s production hub of Tangshan, reducing their output.

Iranian billet prices largely unchanged, demand switches to GCC

Iranian export billet prices remained largely unchanged in the week to Wednesday September 23 despite weaker buying in the major region of Asia, while demand from GCC customers supported Iranian sellers, Fastmarkets learned.