February 2020

CIS STEEL BILLET: Trading quiet as market waits for clarity

Trading activity in the Commonwealth of Independent States export billet market was limited in the week to Friday February 28, as most market participants took a wait-and-see position to assess the situation in the global market.

Brazilian slab export prices up on better deals

Brazilian slab export prices increased during the week to Friday February 28, with recent deals concluded at higher levels and a seasonal pick-up in the market.

Border closures restricting steel exports from Iran

The steel export trade from Iran has been hurt by neighboring countries closing their borders due to the appearance of coronavirus infection in the Middle Eastern country, Fastmarkets learnt on Friday February 28.

Sustained Turkish scrap uptrend fails to boost SE Asian billet prices

Prices in Southeast Asia’s steel billet market continued to face multiple headwinds in the week to Friday February 28, despite the sustained uptrend in the bellwether Turkish ferrous scrap import market.

CHINA REBAR: Housing sector's tight finances slow down demand recovery

China’s domestic rebar prices tumbled further on Friday February 28 amid losses in the futures market and sustained weakness in demand from the construction sector.

Semi-finished Steel Products Trade Log, February 28, 2020

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

TURKEY STEEL BILLET: Prices flat on steady scrap costs

Turkish steel billet prices have remained stable over the past week on steady imported scrap costs, sources said on Thursday February 27.

EGYPT STEEL BILLET, REBAR: Prices increase, demand weak

Prices for imported steel billet and domestic rebar in Egypt increased in the week ended Thursday February 27, but demand was still weak, sources told Fastmarkets.

CHINA REBAR: Logistics improve, but inventories still rising

China’s domestic rebar prices dropped on Thursday February 27 on surging inventories despite a gradual improvement in the country’s logistic sector.

Semi-finished Steel Products Trade Log, February 27, 2020

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