February 2020

CHINA REBAR: Production cuts in Shandong improve sentiment

China’s rebar prices held steady on Wednesday February 5 after several mills announced plans to cut production.

Semi-finished Steel Products Trade Log, February 5, 2020

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

GULF STEEL BILLET, REBAR: Imported rebar prices rise despite limited demand

Import prices for steel rebar in the United Arab Emirates increased over the past week, despite only limited demand, while billet prices remained unchanged, sources told Fastmarkets on Tuesday February 4.

CHINA REBAR: Selling pressure pushes down prices further

Eastern China’s rebar prices continued to weaken on Tuesday February 4 due to destocking pressure, though those in the northern region held steady on an inactive market.

China’s daily crude steel output flat in mid-January

Member mills of the China Iron & Steel Association (Cisa) largely kept their daily crude steel output rates flat in mid-January, according to data released on Tuesday February 4.

Slab import prices in Asia rise amid coronavirus uncertainty, possible supply shortage

Import prices for steel slab in Southeast Asia and East Asia climbed over the past week amid China’s continued absence from the steel markets which led to uncertainty about price trends.

Brazilian slab export prices rise, but market uncertainty grows

Brazilian slab export prices increased in the week ended Friday January 31 amid recent deals, but there was growing uncertainty in the market for February bookings.

CIS STEEL BILLET: Recent bookings slow price drop, but sentiment still negative

Recent bookings of CIS-origin billet by customers in North Africa and by traders have helped to slow the downward trend seen in pricing in the week ended January 31.

PRICING NOTICE: Holiday pricing schedule for 2020-2021

View the Fastmarkets holiday pricing schedule for 2020 and 2021.

FOCUS: China virus sell-off a sign of 'worse to come' for steel markets

The sell-off of Chinese steel futures this morning is a sign that “worse is to come” for global steel prices, market sources told Fastmarkets on Monday February 3.