July 2020

GULF STEEL BILLET, REBAR: Prices stable, demand moderate

Prices for steel rebar and billet in the United Arab Emirates were stable this week due to only limited demand, sources told Fastmarkets on Tuesday July 7.

GULF FLAT STEEL IMPORTS: Low demand keeps prices broadly steady

Hot-rolled coil import prices in the United Arab Emirates inched upward this week while hot-dipped galvanized coil prices narrowed downward, but demand was moderate, sources told Fastmarkets on Tuesday July 7.

EUROPE HRC: Domestic prices inch up in north, mills to seek further rises

Domestic transaction prices for hot-rolled coil in Northern Europe moved up slightly day on day on Tuesday July 7, with steelmakers insisting on further price rises, sources have told Fastmarkets.

DAILY STEEL SCRAP: Prices steady on low demand but more bookings likely

Turkish steel producers continued to hold back from the deep-sea scrap markets on the second working day of the week because of the soft markets for finished long steel products, sources said on Tuesday July 7.

IRON ORE DAILY: Seaborne prices increase on futures markets gains

Seaborne iron ore prices stayed bullish on Tuesday July 7, largely following the upward trend observed in the futures market, sources told Fastmarkets.

COKING COAL DAILY: Seaborne prices flat on lack of market drivers

Seaborne coking coal prices remained relatively flat on Tuesday July 7 due to a lack of drivers for the market, sources said.

CHINA HRC: Export market quiet despite higher bids from Pakistan

China’s domestic hot-rolled coil prices rose on Tuesday July 7 amid moderate trading activity, while the export market remained quiet despite higher bids emerging in Pakistan, sources told Fastmarkets.

CHINA REBAR: Domestic prices rise amid steelmaking inspections

China’s domestic rebar prices moved up on Tuesday July 7 on gains in the futures and billet markets fueled by concerns over how strict local authorities are in implementing production restrictions in the country’s steelmaking hub of Tangshan.

China’s daily crude steel output stabilizes in late June

Crude steel production rates among member mills of the China Iron & Steel Association (Cisa) stopped rising in late June, having risen steadily over the three months, according to data released last weekend.

IN CASE YOU MISSED IT: 5 key stories from July 6

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.