January 2020

Indian secondary billet prices down $10 as long-steel makers hold back

Indian domestic prices for secondary steel billet fell by 700 rupees ($10) per tonne in the week ended Friday January 17, with makers of finished steel products reducing their purchases of semi-finished steel in the wake of falling demand for long products such as rebar.

Brazilian slab export prices rise on new offers, deals

Prices for Brazilian slab in the export market rose in the week to Friday January 17 on recent deals concluded to North America.

Southeast Asia billet import price moves on improving demand despite bearish outlook

Prices in Southeast Asia’s steel billet market fluctuated over the week to Friday January 17 amid improving demand from the Philippines, although market participants were bearish on price levels following the decline in ferrous scrap prices.

CHINA REBAR: Futures rise after release of 2019 data

China’s domestic rebar prices remained flat on Friday January 17 amid inactivity, though the futures market gained some strength following the release of economic data for 2019.

China’s crude steel output rises 8% in 2019

Chinese steel production increased in 2019 amid stronger demand from the construction sector, according to data released by China's National Bureau of Statistics on Friday January 17.

Semi-finished Steel Products Trade Log, January 17, 2020

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

IN CASE YOU MISSED IT: 5 key stories from January 16

Here are five Fastmarkets MB stories you might have missed on Thursday January 16 that are worth another look.

CIS STEEL BILLET: Trading activity revives but still no clarity on price trend

Trading activity in the CIS export billet market enlivened by mid-January with new bookings coming to light. But the general trend still lacked clarity because the price range of bookings was wide.

TURKEY STEEL BILLET: Prices set to fall on weakening scrap values

Turkish steel billet import prices fell slightly over the past week on the back of weakening scrap costs, and domestic and export billet prices are expected to follow suit soon, sources said on Thursday January 16.

EGYPT STEEL BILLET, REBAR: Prices fall, demand weak

Prices for steel rebar in Egypt fell again in the week to Thursday January 16, due to weak demand and falling billet prices, sources told Fastmarkets.