February 2020

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.

CHINA REBAR: Domestic prices flat but demand slowly recovering

China’s domestic rebar prices were unchanged on Tuesday February 18, though downstream demand is said to be slowly recovering.

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

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

GLOBAL BILLET WRAP: Offers rise amid higher scrap costs but buyers remain wary

Most of the global markets for steel billet showed low activity in the week ended Friday February 14, but offer prices from the main producing regions still increased, amid higher costs for scrap raw material and weak demand for semi-finished steel products.

Slab import prices in Asia tumble amid softening HRC market

Import prices for steel slab in Southeast Asia and East Asia fell over the past week amid a downtrend in the regional hot-rolled coil market.

CHINA REBAR: Prices still under pressure from flaccid demand

Demand for rebar in China’s domestic market remained weak on Monday due to a lack of manpower in downstream sectors, which continued to put pressure on prices for the long steel product.

Semi-finished Steel Products Trade Log, February 17, 2020

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

China’s crude daily steel output falls in early February

Member mills of the China Iron & Steel Association (Cisa) largely cut their daily steel output rates in early February, according to data released on Saturday February 15.