November 2018

Turkish crude steel output down 4% in October

Turkey produced 3.20 million tonnes of crude steel in October 2018, a 4.30% decrease compared with October 2017, according to the Turkish Steel Producers Association (TÇÜD).

Iranian semi-finished steel suppliers cut prices to win deals amid further US sanctions

Iranian suppliers of billet and slab continued to cut prices in the second half of November to attract customers.

CHINA REBAR: Price plunge deepens amid bearish sentiment

China’s rebar prices continued to experience sharp falls on Wednesday November 21 in both the domestic and export markets.

Semi-finished Steel Products Trade Log, November 21, 2018

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

GULF STEEL BILLET, REBAR: Domestic rebar prices down but imports stable

Domestic rebar producers in the United Arab Emirates (UAE) have announced new prices for December production, although imported rebar prices remained stable over the past week.

FOCUS: 7 reasons why Asia’s steel price downtrend may continue in 2019

Steel traders in Asia have been feverishly short-selling their cargoes in recent weeks due to the bearish sentiment in the Asian market, with back-to-back offers for steel products often accompanied by short-selling offers at a wide discount to mill cargoes.

Semi-finished Steel Products Trade Log, November 20, 2018

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

ASIAN MORNING BRIEF 20/11: Nickel futures hit hard; Shanghai copper premiums may rise; Antofagasta targets record output

The latest news and price moves to start the Asian day on Tuesday November 20.

CIS STEEL SLAB: Prices slump on weakening finished steel market

CIS export slab prices continued to decline in the week ended Monday November 19, spurred by the weakening in the finished flat steel sectors both in the CIS and in the global markets, Southeast Asia in particular.

CIS STEEL BILLET: Lower offers, bids drag market further downward

CIS export billet prices continued to soften on Monday November 19 with lower bids and offers starting to be heard in the market, after the weakening of prices for imported scrap and exports of finished long steel in Turkey and the CIS.