January 2019

Brazilian slab export prices fall due to lower demand from US, Europe

Export prices for Brazil-origin steel slab declined this past week, with sellers willing to accept lower bids in order to secure deals.

CIS STEEL BILLET: Suppliers more optimistic amid reduced availability

Sentiment in the export billet market in the Commonwealth of Independent States (CIS) started to improve through the week ended Friday January 18, with mills turning more bullish amid reduced availability of February-rolling material.

Indian secondary billet prices down by $3 per tonne in a week

Indian domestic secondary billet prices fell in the week ended Friday January 18, mainly on account of weakness in the prices of finished products such as rebar.

ArcelorMittal Brasil studying to expand flat-rolling capacity in Tubarão

ArcelorMittal Brasil is currently designing a long-term strategic plan until 2030 with a possibility that it would include an expansion to its flat-rolling capacity in Tubarão, local chief executive officer Benjamin Baptista said on Friday January 18.

CHINA REBAR: Domestic rebar prices edge up on surging futures

China’s domestic rebar prices picked up slightly on Friday January 18 after strong gains in the futures market.

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

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

TURKEY STEEL BILLET: Import prices recover despite weak demand

The Turkish billet markets remained weak over the past seven days due to limited demand, sources said on Thursday January 17.

EGYPT STEEL BILLET, REBAR: Lack of demand leaves prices stable

Steel billet import prices and local rebar prices in Egypt were stable this week on subdued demand, sources told Fastmarkets on Thursday January 17.

Southeast Asian billet market down on low bids despite increased activity

The import price for steel billet in Southeast Asia edged down on Thursday January 17 amid lower bids from buyers who expect further price drops, although trading activity has picked up in the region this week.

CHINA REBAR: Prices steady amid inactivity

China’s rebar prices were unchanged on Thursday January 17 in both the domestic and export markets amid little activity.