February 2020

CHINA REBAR: Prices rise on expected pick-up in demand

China’s domestic rebar prices rose on Friday February 21 amid strengthening futures and higher demand, which left some with the impression that the market had bottomed out.

TURKEY STEEL BILLET: Prices rise further on increased scrap costs

Turkish steel billet prices have increased over the past week thanks to rising imported scrap costs and improving demand, sources said on Thursday February 20.

NEWSBREAK: Dexin Steel Indonesia to fire up blast furnace on Feb 21

Dexin Steel Indonesia will fire up its first blast furnace on Friday February 21, an industry source told Fastmarkets.

CHINA REBAR: Prices mixed amid partial resumption of construction

China’s domestic rebar prices were mixed on Thursday February 20, with a partial resumption of work by the construction sector providing support in the eastern region while the cold weather in the north kept demand in check.

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

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

Iranian export billet prices strengthen, supported by solid domestic demand

Iranian export billet prices increased over the past week, supported by strong demand in the domestic market, sources told Fastmarkets.

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

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

CIS STEEL BILLET: Mills stay bullish despite lack of demand

CIS producers of steel billet remained bullish in the week to Tuesday February 18 because of the continuing rise in scrap import prices into Turkey, despite the lack of trading activity.

ArcelorMittal Kryvyi Rih to add 130mm billet to portfolio

Ukraine’s largest producer of long steel, ArcelorMittal Kryvyi Rih (AMKR), is currently bringing its new continuous casting machine No3 (CCM No3) to designed capacity, the company announced on Monday February 17.

GULF STEEL BILLET, REBAR: Prices stable amid weak demand

Prices for steel rebar and billet in the United Arab Emirates were stable in the week to Tuesday February 18, with demand remaining weak because buyers wanted to wait and see the direction of prices, market sources said.