February 2020

CIS STEEL BILLET: Market strengthens on fresh bookings

The CIS steel billet export market strengthened this week after higher-priced bookings came to light on Tuesday February 25.

GULF STEEL BILLET, REBAR: Prices down but further falls expected

Prices for steel rebar and billet in the United Arab Emirates have gone down over the past week, but buyers expected them to fall even further because of weak demand, market sources said on Tuesday February 25.

CHINA REBAR: Spread of coronavirus in Asian countries stalling exports

High inventory levels weighted on China’s domestic rebar market on Tuesday February 25 while concerns over overseas demand also led to a drop in export prices.

Semi-finished Steel Products Trade Log, February 25, 2020

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

CIS STEEL SLAB: Customers seek lower prices, but deal prices remain firm

CIS export prices for steel slab remained firm in bookings made in the seven days to Friday February 21 despite a weakening of the finished flat steel sector in the region and in some customers’ markets.

GLOBAL BILLET WRAP: Prices up in all regions except Asia

Steel billet prices in the global markets were up in all regions except Asia last week, supported by increasing raw material costs, particularly scrap.

Egyptian Administrative Court to rule on billet and rebar duties on May 23

The Egyptian Administrative Court will make a ruling on billet and rebar import duties on May 23, after a number of domestic rebar re-rollers appealed to have them removed, market participants told Fastmarkets on Monday February 24.

CHINA REBAR: Transactions among traders rise; end-user demand still weak

China’s domestic rebar prices increased on Monday February 24 due to a pick-up in activity among trading houses, market participants said.

Chinese rebound sparks optimism in Asian slab market

Import prices for steel slab in Southeast Asia and East Asia experienced an uptick over the past week after sentiment improved following a rebound in China’s flat steel market.

Evraz to add flat steel output to Siberian operations with 2.5 mln-tpy casting, rolling plant

Russian steelmaker Evraz is investing in a flat steel casting and rolling line at its West-Siberian Metallurgical Plant (ZSMK) at Novokuznetsk in the Kemerovo region.