February 2020

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 daily crude 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.

FOCUS: China eyes SE Asian billet market after 3-year hiatus

Chinese traders have started offering Chinese billet for export to Southeast Asia - a trade flow not commonly seen since 2017 - in a telling sign of bearish sentiment in the domestic Chinese long steel markets.

Brazilian slab export price stable due to few trades

Brazil's slab export prices were stable this past week, with buyers waiting on the sidelines and purchasing only small batches while they wait for a clearer direction on global steel markets.

Indian secondary billet prices fall by $11 per tonne on weak demand

Indian domestic secondary billet prices have fallen by 800 rupees ($11) per tonne week on week on reduced demand from long product makers and oversupply of semi-finished products in the market, sources told Fastmarkets on Friday February 14.

CIS STEEL BILLET: Buying activity limited as customers remain cautious

Positive sentiment in the CIS export billet market supported by the recent rebound in import scrap prices in Turkey has failed to spark much trading activity in the week to Friday February 14, sources told Fastmarkets.

Semi-finished Steel Products Trade Log, February 14, 2020

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