April 2020

AT A GLANCE: Erdemir Group Q1 earnings down on lower production, sales

A summary of the financial results for Turkey’s largest steelmaking group, Erdemir, for January-March 2020.

Russian miners, steelmakers request equal access to eastbound rail

The Russian Steel Association has called for equal access to the country’s railway infrastructure so that its members can export goods to eastern destinations, according to a local news report published earlier this week.

EGYPT STEEL BILLET, REBAR: Prices fall, demand weak on impact of Ramadan, Covid-19 pandemic

Demand for imported billet and domestic rebar in Egypt remains weak and is it unlikely to improve any time soon, due to the Islamic holy month of Ramadan and the Covid-19 pandemic, sources told Fastmarkets.

TURKEY STEEL BILLET: Import prices down on lower scrap costs, soft demand

Turkish import prices for steel billet have gone down over the past week on falling imported scrap values and weak demand, sources said on Thursday April 30.

Southeast Asian billet import prices dip amid growing supply, lockdown extensions

Prices in Southeast Asia’s steel billet market sank in the week to Thursday April 30 amid market participants' concerns over a growing number of cargoes being offered in the spot market despite sluggish buying interest, Fastmarkets heard.

CHINA REBAR: Domestic prices edge up on higher steel PMI

China’s domestic rebar prices increased slightly on Thursday April 30 on rising futures following the release of the latest steel purchasing managers’ index (PMI).

Iranian semi-finished steel export prices dip on lower bids, offers

Iranian export billet and slab prices dipped in late April as lower offers and bid prices were heard in the market.

Iran steel exports up 22% in year to March 19, imports down 43%

Iranian exporters sold 10.36 million tonnes of steel products in the official Iranian year (to March 19, 2020), up 22.21% on the previous year, according to the latest report from the Iranian Steel Producers Association.

CHINA REBAR: Traders roll over prices in pursuit of more sales

China’s domestic traders kept prices for rebar unchanged on Wednesday April 29 despite rising futures in an attempt to generate more sales.

GULF STEEL BILLET, REBAR: Prices dip in the first week of Ramadan

The prices for steel billet and rebar in the United Arab Emirates fell over the past week due to weak demand during the Islamic holy month of Ramadan, as well as the continued effects of the Covid-19 pandemic, market sources said on Tuesday April 28.