March 2020

Indian secondary billet prices down $12 on weak demand

Weak demand for semi-finished steel from finished product makers, and falls in the prices of raw materials, pulled down the domestic price for secondary steel billet in India by 900 rupees ($12) per tonne in the week ended Friday March 20.

CHINA REBAR: Prices flat amid futures loss but demand strong

China’s domestic rebar prices were flat on Friday March 20 supported by strong demand in the spot market, although futures moved down.

Semi-finished Steel Products Trade Log, March 20, 2020

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

EGYPT STEEL BILLET, REBAR: Billet import prices fall, market activity limited

Steel billet import prices in Egypt fell in the week to Thursday March 19, but there was no resulting pick-up in demand, sources told Fastmarkets.

CIS STEEL BILLET: Market nosedives following scrap

Prices in the Commonwealth of Independent (CIS) export billet market slumped on Thursday March 19 following the sharp drop in import steel scrap prices in Turkey a day earlier.

TURKEY STEEL BILLET: Coronavirus outbreak keeps markets quiet, prices set to fall

The Turkish billet market has gone completely silent following the global spread of the novel coronavirus (2019-nCoV) outbreak, sources said on Thursday March 19.

SE Asian billet import prices steady despite emerging market currency rout

Prices in Southeast Asia’s steel billet market were unchanged despite a slump in emerging market currencies following investors’ preference for haven assets in uncertain economic conditions, Fastmarkets heard.

Semi-finished Steel Products Trade Log, March 19, 2020

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

CHINA REBAR: Buyers replenish inventories on lower prices

China’s domestic rebar prices dropped on Thursday March 19 on futures losses, with buyers then taking the chance to raise procurement rates.

Semi-finished Steel Products Trade Log, March 18, 2020

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