December 2019

GULF STEEL BILLET, REBAR: Prices increase, demand moderate

Domestic and import prices for steel rebar and billet in the United Arab Emirates increased over the past week, while demand was moderate, market sources said on Tuesday December 31.

Slab import prices in Asia stable during year-end festive season

Import prices for steel slab in Southeast Asia and East Asia were stable over the past week amid limited trading activity during the year-end festive season.

CIS STEEL BILLET: Market takes wait-and-see stance during holiday period

The Commonwealth of Independent States export billet market was largely stable due to quiet trading conditions on Monday December 30 amid a pre-holiday lull in the region and in the customers’ markets.

GLOBAL BILLET WRAP: Most markets retreat for festive break

Trading activity in the major global billet markets was reduced in the week ended Friday December 27 due to participants being away for the Christmas and New Year festive season.

Indian steel billet prices rise by $23 per tonne

Domestic steel billet prices in India increased by 1,600 rupees ($23) per tonne in the week ended Friday December 27 due to a sharp rise in finished steel product prices and increased buying of semi-finished goods by rolling mills.

EGYPT STEEL BILLET, REBAR: Prices stable but demand weak

Prices for steel billet and rebar in Egypt were stable in the week ended Friday December 27 in subdued year-end trading conditions when demand is typically weak, sources told Fastmarkets.

CHINA REBAR: Domestic prices rise on weekend restocking

China’s domestic rebar prices increased on Friday December 27 on a pick-up in demand ahead of the weekend.

Southeast Asian billet import prices unchanged amid year-end lull

Prices in Southeast Asia’s steel billet market remained stable on Friday December 27 amid limited trading activity in the region during the year-end Christmas and New Year festive season.

CHINA REBAR: Domestic prices experience early-hour losses

China’s domestic rebar prices dropped further in the morning of Thursday December 26 on weak demand, though they recovered in the latter part of the day due to rising futures.

CAPACITY WATCH: China’s Puyang Steel to add new capacity by 2021

Northern China’s Puyang Iron & Steel (Puyang Steel) plans to add 1.37 million tonnes per year of iron-making capacity and 1.52 million tpy of crude steel capacity in December 2021, according to Hebei Provincial Industry & Technology Information Department.