June 2020

CIS STEEL SLAB: Prices stable amid limited offers

Commonwealth of Independent States (CIS) export slab prices remained stable in the week to Monday June 30 amid scarce offers and generally weak demand globally, sources said.

GULF STEEL BILLET, REBAR: Prices mostly stable, demand moderate

The prices paid for steel rebar and billet in the United Arab Emirates were mostly stable this week but demand is still moderate, market sources said on Tuesday June 30.

CHINA REBAR: Price decline persists despite Tangshan output curbs

China’s domestic rebar prices fell further on Tuesday June 30 amid soft demand despite the country’s steelmaking hub of Tangshan announcing a new round of restrictions for July.

CHINA REBAR: Heavy rain erodes demand, prices

China’s domestic rebar prices dropped on Monday June 29 to track falling futures amid a pessimistic outlook of demand during the rainy season.

Billet takes lead in surge of Vietnamese steel exports to China

Vietnam’s steelmakers exported huge volumes of steel to China in the first five months of 2020, according to statistics from the Southeast Asian country’s customs agency.

BETTING ON BLOCKCHAIN: BHP, Baowu complete first iron ore trade on MineHub platform

Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc’s blockchain-based platform.

Indian domestic billet prices move up on rising demand

Indian local secondary billet prices increased by 300 rupees per tonne week-on-week on Friday June 26 on improved demand from sustained buying by makers of finished steel products.

Brazilian slab export prices up on final 2020-delivery deals with US clients

Brazilian steel slab prices continued to climb in the week to Friday June 26 with consumers in the United States buying the last available volumes from the fourth-quarter import quota, but sellers are looking elsewhere for the remainder of 2020.

CIS STEEL BILLET: Mills turn to Middle East as demand in Asia thin

Billet producers in the Commonwealth of Independent States have turned their attention to the Middle East region due to a slowdown in trading activity in Asia, particularly China, market sources said.

Indian steel exports to China unaffected by military standoff

Indian steel exports to China are continuing unabated despite increased tensions between the two countries following a deadly military confrontation on the border, sources told Fastmarkets on Friday June 26.