April 2016

HIGHLIGHTS: Futures in China, global earnings, EU steel market outlook...

Latin America editor Ana Paula Camargo reviews the main news covered by Steel First over the past week.

Latin American slab export prices rise on higher bids

Latin American slab export prices pushed up this week, as buyers increased their bids following the upward trend in the global semi-finished market.

Billet prices up again in Iran but rebar, HRC prices dip

Billet prices in Iran carried on climbing over the past week, following the trend begun in April, but there was some decline in the prices for rebar and hot rolled coil (HRC).

China’s spot rebar market strengthening amid pre-holiday stocking

China’s spot rebar market turned around on Friday April 28 as buyers replenished their stock yards ahead of the Labour Day holiday.

China AM: Futures slip ahead of long weekend

China’s steel and steelmaking raw materials futures slipped during the morning trading session on Friday April 29, ahead of the April 30-May 2 Labour Day holiday.

Egypt billet market firms as rebar prices continue upswing

Prices for imported billet in Egypt have stayed on an uptrend this week, while local rebar prices have also increased, sources have told Steel First.

Higher scrap values push up Turkish billet prices

Turkish domestic and imported billet prices pushed up this week on increasing scrap values, despite demand for imported billet being poor, sources told Steel First this week.

Asian slab buyers grow cautious after import prices touch $400 per tonne

Import slab prices in Asia spiked again over the past two weeks, on the continuing global supply shortage, even though re-rollers are now wary due to the recent dip in Chinese flat steel prices.

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

China’s daily crude steel output was largely stable in mid-April, which fell short of expectations that it would shoot up amid strong price gains.