September 2016

Buyer resistance 'prevents Iran steel market recovery'

Iranian buyers’ resistance to local suppliers’ attempts to raise steel prices is the main blockage to a market recovery, Metal Bulletin has heard.

Reduced Chinese billet exports 'may not help CIS producers'

The reduction in billet export volumes from China, seen over the past several months, has given some optimism to CIS suppliers that they may regain export share in their traditional outlets.

China's spot rebar prices weaken on futures market drop

Rebar prices fell in China’s domestic market on Friday September 30 as futures traded downwards.

China AM: Futures down on high steel production rates

China’s ferrous futures fell on Friday September 30, following the release of statistics showing the country’s daily crude steel output in mid-September at high levels.

Brazil's Usiminas purchases slab supplies from CSP

Brazilian steel producer Usiminas has acquired slab from Companhia Siderúrgica do Pecém (CSP) to supply its Cubatão unit.

Egypt’s Ezz Steel sees earnings increase 113% in H1

Earnings at Egyptian steelmaker Ezz Steel increased by 113% year-on-year in the first half of 2016, according to a financial statement published on Thursday September 29.

Turkish domestic billet prices weaken, imports stable

Turkish domestic billet prices have weakened with limited demand, while the imported billet market has been comparatively steady over the past week.

Egypt billet import prices decrease but demand remains weak

Billet import prices into Egypt decreased this week but demand in the country was still not strong, Metal Bulletin has learnt.

China’s daily crude steel output moves up again in September

Major Chinese mills’ daily crude steel output remained high in mid-September, edging upwards closer to this year’s peak at the end of May.