March 2019

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

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

CIS STEEL SLAB: Offers hold stable despite lower bids

CIS slab producers continued to keep their offer prices steady in the second half of March, supported by reduced availability of the material in the market due to imminent repair works at some sites.

CIS STEEL BILLET: Market at standstill as buyers resist higher offers

The CIS export billet market remained at a standstill on Monday March 18 due to the absence of trading activity in most of the commodity’s usual outlet regions, Fastmarkets heard on Monday March 18.

Asian slab import prices flat amid quiet market

Import prices for steel slab in Southeast Asia and East Asia were unchanged over the past week amid a lack of trading activity.

CHINA REBAR: Domestic prices up on restocking

China’s domestic rebar prices moved higher on Monday March 18 as stockists looked to replenish inventories, despite many spot traders opting to sit on the sidelines as they digest the implications of the reduction in the Chinese value-added tax (VAT) rate from next month.

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

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

GLOBAL BILLET WRAP: Prices rise on high scrap costs, weak demand

Steel billet prices showed a slight increase in most regions in the week ended Friday March 15, with scrap costs remaining high, but demand in many buying outlets was weak.

Brazilian slab export prices stable, offers up

Slab export prices from Brazil remained unchanged this past week, although offers from the country were heard at higher levels.

Indian domestic secondary billet prices down by $13 per tonne on subdued demand

Indian domestic secondary billet prices have fallen by 900 rupees ($13) per tonne this week with demand for both semi-finished and finished long steel products remaining subdued and inquiries limited.

CHINA REBAR: VAT cut sparks mixed reaction from market

Participants in China’s rebar market reacted differently to the impending reduction of value-added tax in the country, resulting in a widening of domestic prices on Friday March 15.