February 2020

CHINA REBAR: Export prices tumble amid weak domestic market

China’s domestic rebar prices dropped slightly on Thursday February 13 on persistently weak demand while the export segment tumbled after cargoes were sold much lower than prevailing rates.

Semi-finished Steel Products Trade Log, February 13, 2020

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

CIS STEEL BILLET: Suppliers' mood turns positive as scrap market rebounds

The mood in the CIS export billet market had turned positive by the middle of the current week amid a rebound in import scrap prices in Turkey.

OUTLOOK: It is hard to predict full impact of coronavirus in China, Irepas says

China may not be the big steady steel rebar buyer that most of us in the market thought it was, the International Rebar Producers & Exporters Association (Irepas) said on February 5 with regards the impact of the novel coronavirus (2019-nCoV).

CHINA REBAR: Call to resume production lifts sentiment

China’s domestic rebar prices held steady on Wednesday February 12 amid weak demand, though optimism emerged following a call by the country’s Ministry of Industry & Information Technology for enterprises to resume production gradually.

Semi-finished Steel Products Trade Log, February 12, 2020

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

China’s crude daily steel output rises in late January

Member mills of the China Iron & Steel Association (Cisa) largely raised their daily steel output rates in late January, according to data released earlier this week.

GULF STEEL BILLET, REBAR: Market stable; buyers eye falling scrap prices

The prices of steel rebar and billet in the United Arab Emirates were stable over the past week, with buyers retreating to see the effect of falling scrap prices on finished steel prices, market sources said on Tuesday February 11.

FOCUS: India's budget gets mixed response from steel sector despite boost to infrastructure spending

India's recently announced national budget got a mixed response from the country’s steel sector, with some describing it as “disappointing” while others said it was “promising,” sources told Fastmarkets.

CHINA REBAR: Small-tonnage deals push up prices in eastern region

China’s domestic rebar prices were on divergent paths on Tuesday February 11, with those in the eastern region edging higher following the conclusion of several small-tonnage deals while the northern Chinese market continued to weaken amid slack demand.