December 2018

CIS STEEL BILLET: Lower deals, offer prices drag market further down; expectations vary

Export billet prices from the Commonwealth of Independent States continued to decrease in the last days of December amid lower deals, offer and bids reported in the market.

Asian slab prices flat in quiet market

Import prices for steel slab in Southeast Asia and East Asia were unchanged during the past week due to a lack of bookings as well as sparse bids and offers amid the year-end trading lull.

Indian secondary billet prices rise by $9 per tonne in a week on sustained buying

Indian domestic secondary billet prices rose by at least 600 rupees ($9) per tonne over the past week on sustained buying by long product makers and improved trading.

GLOBAL BILLET WRAP: Market subdued, still pessimistic

Steel billet prices in the major global markets remained either unchanged or continued to decline during the week to Friday December 28 amid the year-end trading lull and persistent weakness in finished long-steel markets.

CIS STEEL SLAB: Finished flat steel market fundamentals weak; low bids drag prices down

Commonwealth of Independent States (CIS) export slab prices slipped by another $15 per tonne over the week ended Friday December 28 due to the weak fundamentals in the CIS finished flat-steel market and the end-user market.

CHINA REBAR: Prices flat despite mild futures uptick

China’s rebar prices were flat on Friday December 28 in both the domestic and the export market, even though futures saw slight gains.

Semi-finished Steel Products Trade Log, December 28, 2018

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

EUROPEAN MORNING BRIEF 28/12: Soft dollar supports most SHFE base metals; Chinese antimony market weakens; Zhuzhou Smelter starts new project trial production

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Friday December 28.

Semi-finished Steel Products Trade Log, December 27, 2018

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

EGYPT STEEL BILLET, REBAR: Rebar prices fall; billet import prices flat

Domestic rebar producers in Egypt have reduced their prices over the past week, however, steel billet import prices have remained stable week on week, sources said on Thursday December 27.