February 2016

CIS slab market remains strong on limited supply

The CIS export slab market has continued to benefit from restricted supply volumes, sources told Steel First on Monday February 29.

Kardemir opens billet sales at higher prices

Turkish integrated long steel producer Kardemir raised its billet prices on Monday February 29, in line with rising scrap costs.

EU stainless raw materials index up $5 after nickel strengthens

Steel First’s weekly raw materials index for Europe-origin grade-304 stainless steel rose by $4.72 per tonne on Monday February 29, after a rise in the price of nickel.

PRICING NOTICE: Correction to EU stainless steel raw materials index

Due to a technical error, the weekly EU domestic stainless steel raw materials index was wrongly stated in the Steel First pricing database early on Monday February 29.

CIS billet market sees prices rise again

CIS export billet prices have increased again over the past week, by $3-6 per tonne, with some business done at higher levels, sources told Steel First on Monday February 29.

Northern China’s rebar market softens on billet price dip

Northern China’s spot rebar market slid on Monday February 29 with billet prices in Tangshan easing over the weekend.

China AM: Futures up, spot market mixed

China’s steel and steelmaking raw materials futures rose during morning trading on Monday February 29 despite a mixed spot market.

Latin America’s slab export prices push up on higher offers

Higher offers from Brazilian producers pushed up Latin American slab prices this week, traders told Steel First.