July 2020

Brazilian steel slab export prices inch down on US quota issues

Brazilian steel slab export prices narrowed downward in the week ended Friday July 10 because the country’s quota for steel imports into the United States has approached its limit.

EU STEELMAKERS CLOSURES 10/07: Producers trim output to balance supply-demand

European steel producers have been limiting their outputs in accordance with the persistently weak levels of current demand, especially from the automotive industry, while the region recovers from Covid-19-pandemic lockdowns.

CHINA REBAR: Rain leads to weaker demand, lower prices in eastern region

Eastern China’s rebar prices edged down on Friday July 10 on declining demand amid adverse weather conditions and futures' losses, sources told Fastmarkets.

CIS STEEL BILLET: Offers rise on demand recovery in China

Offer prices on CIS-origin steel billet to foreign customers have surged upward toward the end of this week, supported by a recovery of demand in China, Fastmarkets heard on Thursday July 9.

EGYPT STEEL BILLET, REBAR: Domestic rebar prices decrease, weak demand persists

Domestic rebar prices decreased in Egypt over the week to Thursday, July 9 due to the lower priced offers and deals heard, sources told Fastmarkets.

TURKEY STEEL BILLET: Prices pressured down by falling scrap import values

Turkish steel billet prices fell in the week to Thursday July 9, in line with the latest downturn in the deep-sea scrap import values, sources said.

CHINA REBAR: Rising inventories slow down pace of price increases

China’s domestic rebar prices continued to rise on Thursday July 9, albeit with less upward momentum due to high inventory levels in the market.

ArcelorMittal to restart export-oriented No2 BF at Brazil's Tubarão

ArcelorMittal Brasil will restart activities of the No2 blast furnace (BF) at its Tubarão mill, in the Brazilian south-eastern state of Espírito Santo, on July 26, after more than a year of downtime, the company said on Wednesday July 8.

Iranian billet prices gain amid demand recovery in China

Iranian export steel billet prices increased in the week ended Wednesday July 8 with demand recovering in China.

CHINA REBAR: Restocking demand pushes up domestic prices

China’s domestic rebar prices increased further on Wednesday July 8 on restocking demand and rising futures.