July 2019

Brazilian slab export prices stable amid high cost pressures

Export prices for Brazil-origin slab remained stable for a second consecutive week on Friday July 19, with raw materials costs still high and deals sparse amid weak demand.

Southeast Asian billet import prices fall on lower offers, soft demand

Prices in Southeast Asia’s steel billet market declined on July 19 because of lower offers caused by a lack of demand amid the ongoing rainy season in the region’s major import market of The Philippines.

CHINA REBAR: Sellers cut prices to stimulate sales

China’s rebar prices dipped on Friday July 19 after selling pressure picked up in the market.

Semi-finished Steel Products Trade Log, July 19, 2019

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

PRICING NOTICE: Proposal to amend cfr Southeast Asia steel billet assessment

Fastmarkets is proposing changes to the specifications of its price assessment of steel billet imports, cfr Southeast Asia, $/tonne.

TURKEY STEEL BILLET: Prices down on weakening finished steel values

Steel billet prices in Turkey have gone down slightly over the past seven days due to weak demand and a downturn in finished steel prices, sources said on Thursday July 18.

EGYPT STEEL REBAR, BILLET: Billet prices fall, demand remains weak on market uncertainty

The price of steel billet imported into Egypt decreased in the week to Thursday July 18 because of lower offers and bids, while demand remained poor because of uncertainty about the application of import duties.

CIS STEEL BILLET: New deals push billet prices lower

The export price for CIS-origin steel billet has tumbled with several new bookings done at lower prices, Fastmarkets heard on Thursday July 18.

CHINA REBAR: Anticipated production cuts in September keep prices from tumbling

China’s domestic rebar market lost its upward momentum on Thursday July 18 amid declining futures, with expectations of a supply drop ahead of the country’s National Day celebrations in October providing some support.

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

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