May 2019

Indian local secondary billet prices up by $6 per tonne in a week

Indian domestic secondary billet prices rose by at least 400 rupees ($6) per tonne in the week ended Friday May 24 on a rise in the costs for raw materials such as direct-reduced iron (DRI).

CIS BILLET: Customers accept higher prices in new deals

CIS export steel billet prices continued to climb in the week ended Friday May 24, with customers finally accepting higher prices in bookings.

Southeast Asian billet import prices stable despite sluggish demand

Prices in Southeast Asia’s steel billet market remained stable on Friday May 24 amid weak demand in the major Southeast Asian import markets of the Philippines and Indonesia.

CHINA REBAR: Stockists cut purchases on weak demand outlook caused by warmer weather

China’s domestic prices further edged lower on Friday May 24 amid weakening demand from stockists.

Semi-finished Steel Products Trade Log, May 24, 2019

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

CIS BILLET: Offers climb, customers remain cautious

CIS billet producers further increased their export offers on Thursday May 23, still buoyed by last week’s halving of import taxes on Turkish steel by US president Donald Trump.

TURKEY STEEL BILLET: Prices rise despite lack of buying interest

Prices for Turkey-origin steel billet have gone up in all markets over the past week since news was heard of the removal by the United States of its extra import duty on Turkish steel, sources said on Thursday May 23.

EGYPT STEEL BILLET, REBAR: Import billet prices rise, rebar prices stable

Steel billet prices for imports into Egypt have increased this week on higher offers, while domestic rebar prices have remained unchanged, Fastmarkets heard on Thursday May 23.

Iran semi-finished steel market firm with mills well-booked; sentiment negative on sanctions

Iranian export billet and slab prices remained largely unchanged in the week ended on Wednesday May 22, with no major sales heard because producers have their order books filled to last until the end of June or mid-July, sources said.

Semi-finished Steel Products Trade Log, May 23, 2019

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