June 2016

Singapore rebar buyers pay price for waiting too long

Import prices for rebar in Singapore moved up this week after a couple of buyers finally booked Chinese cargoes following a standstill lasting nearly three weeks.

Egypt’s long steel market remains quiet ahead of post-Ramadan break

Buying activity in the Egyptian long steel market has remained subdued over the past week, sources told Steel First on Thursday June 30.

Turkey's Kardemir cuts domestic long steel prices

Turkish integrated long steel producer Kardemir cut its domestic steel prices on Thursday June 30.

China’s spot rebar market steady in spite of billet uptick

China’s spot rebar prices were largely stable on Thursday June 30, although the billet market in Tangshan picked up in the afternoon.

SMS confirms EAF start-up at Indonesia’s Gunung Steel

Germany’s SMS Group has announced that it recently commissioned an electric arc furnace (EAF) plant and slab caster at Indonesia’s Gunung Steel Group.

China AM: Futures rally on steady billet market

China’s steel and steelmaking raw materials futures recovered some lost ground during the morning trading session on Thursday June 30 amid a stable billet market in Tangshan.

Southeast Asia billet importers retreat after ‘sudden’ offer price rise

Southeast Asian electric arc furnace (EAF) mills and re-rollers have widely withdrawn from the billet import market over the past week after Chinese steelmakers lifted their offer prices.

North China’s spot rebar market extends gains on billet strength

Northern China’s spot rebar prices continued to move up on Wednesday June 29 following an increase in Tangshan’s billet market a day earlier.