Steel prices at the beginning of 2020 are relatively stable when compared to 2019 despite a momentary spike in December. Given the generally positive outlook for steel demand, and an expected slowing of Chinese steel production, prices could be set to rise in 2020. But as Remeithi points out, any projection for the industry rests on shaky ground.
Nov 09, 2020 · The aluminum price continues to rise along with demand. Chinese aluminum billet and aluminum bar rose 3.3% and 3.2% to $2,297/mt and $2,397/mt, respectively. Raw Steel MMI:U.S. steel Asian Metal - The World Metal Information Centerprovides comprehensive coverage and analysis of the global aluminum industry.Professional & reliable reports outline the latest trends and developments,keen & precise price analysis keeps you at the cutting edge of the market, and exclusive statistics on both imports & exports as well as production and marketing provide the tools to take your business to the next level.
Nov 20, 2020 · In a regular meeting of the State Council on November 18, Chinas central government issued a clear signal that it intends to strongly lift domestic consumption of automobiles and home appliances. Chinese steel market sources believe that Beijings declaration of support for both sectors will help boost demand for flat steel and in turn, give their prices already at highs for the year Bullish sentiment continues for CIS steel billet Dec 18, 2020 · Sentiment in the Commonwealth of Independent States export steel billet market remained upbeat due to tight availability of material and surging feedstock prices, sources told Fastmarkets on Friday December 18. Main Content (access key = s) Home Bullish sentiment continues for CIS steel billet. Bullish sentiment continues for CIS steel billet.
Dec 24, 2020 · Offers for steel billet from the Commonwealth of Independent States remained high this week despite buying activity only really being seen in Turkey, sources told Fastmarkets on Thursday December 24. CIS billet prices climb despite limited buying activity. Dec 24, 2020 To continue reading please, Chinese importers halt billet purchases, Philippine Leading Philippine rebar producer Steel Asia with 2.3 million mt/year of capacity across the country continued operating all its six plants at a rate of 65%-70% of total capacity, stable
Leading Philippine rebar producer Steel Asia with 2.3 million mt/year of capacity across the country continued operating all its six plants at a rate of 65%-70% of total capacity, stable Ferro-Silicon News, Prices & Expert Analysis Metal BulletinTURKEY FLAT STEEL:Prices continue incline on weak year-end buying. Dec 31, 2020 @ 15:10 Prices stabilize on governments pledge to cut steel output. Shanghai Dec 31, Proposal to amend cfr Southeast Asia steel billet price specifications. Singapore Dec 30, 2020 @ 03:00 IN CASE YOU MISSED IT:5 key stories from December 29
DAILY:Chinas steel prices slide further Dec 30, 2020. On December 29, Chinas rebar and Tangshan billet prices continued on their downtrend, with construction steel sales also softening for the second working day as the cold air hits many of the domestic regions, Mysteel Global noted. GULF STEEL BILLET, REBAR:Rebar prices fall, demand Domestic rebar Local rebar producers had previously announced reduced prices for January production on December 20.. The countrys largest producer, Emirates Steel, was offering rebar at 1,899 dirhams ($517) per tonne ex-works, down from the previous 2,016 dirhams per tonne ex-works for January production while
PRICING NOTICE:Proposal to amend cfr Southeast Asia steel billet price specifications ltcadmin December 29, 2020 Fastmarkets proposes to make two amendments to the specifications of its daily price for steel billet, import, cfr Southeast Asia. Indian steel makers double down on exports as domestic Uttam Value Steel and Uttam Galva Metallics owe banks 3,200 crore and 2,200 crore, respectively. Photo:Bloomberg Indian steel makers double down on exports as domestic demand disappears
Jan 01, 2021 · Trade silence continues in the SE Asian imported billet market due to the New Year holidays. Despite limited buying and trade silence, the offers are rising every week and have reached $600/t CFR levels this week. The buyers are anticipating a fall in prices as Chinese rebar futures are trending downwards. Insights SteelMintJan 01, 2021 · Trade silence continues in the SE Asian imported billet market due to the New Year holidays. Despite limited buying and trade silence, the offers are rising every week and have reached $600/t CFR levels this week. The buyers are anticipating a fall in prices as Chinese rebar futures are trending downwards.
RUSSIA FLAT STEEL:Prices continue incline on shortage, rising exports. Dec 29, 2020 @ 15:24 More news Proposal to amend cfr Southeast Asia steel billet price specifications. Dec 30, 2020 @ 03:00 More news Prices. Prices. Price Book Fastmarkets MB price book contains over 950 global metal prices including steel prices and scrap prices. Live steel news from American Metal Market Steel News Turkey flat steel prices continue to rise Dec 31, 2020 India mills to raise HRC tags by at least $41/t Dec 31, 2020 CIS billet market quiet during holiday period Dec 31, 2020
Currently, domestic steel scrap prices in China are said to be about $60/mt or Yuan 400/mt over Southeast Asian seaborne scrap prices on like-for-like grades (when freight and taxes are included). PRICING NOTICE:Proposal to amend cfr - metalbulletinDec 30, 2020 · Fastmarkets daily price assessment for steel billet, import, cfr Southeast Asia excludes prices for Iran-origin billet from its assessment due to the steep price discount between Iran-origin material and BF billet from other popular origins such as Vietnam, India and Russia. The proposed amendments concern:1.
Dec 10, 2020 · New bookings of Commonwealth of Independent States (CIS)-origin billet in Southeast Asia and Turkey were heard at higher prices in the week to Thursday December 10, while some suppliers were reported to have withdrawn from the market to reconsider prices Southeast Asia billet price continues climbHome Southeast Asia billet price continues climb Southeast Asia billet price continues climb Dec 04, 2020 10:19 AM Singapore Lee Allen
The latest daily steel industry news and prices from SBB, detailed coverage of current steel markets plus monthly steel reports, forecasts and research. Black Sea billet price momentum pauses after a strong December:29 Dec 20: Global steel prices could stabilize in Q2 2021:Colakoglu CEO:30 Dec 20:HOLIDAY NOTICE:Platts offices Steel Business BriefingAsian billet flat on stable offers, China seeks chance export:31 Dec 20:Asian rebar price sinks on lower buying indication; outlook remains bullish:31 Dec 20:Southeast Asian H-Beam Dec prices surge on mounting raw material costs:30 Dec 20:Asian rebar, billet unchanged as offers hold firm:30 Dec 20
Asian wire rod prices stable; slow trading ahead of New Year:30 Dec 20:Chinas growing long steel inventories weighing down prices:29 Dec 20:Asian rebar prices flat amid steady offers as billet edges higher:28 Dec 20:Asian rebar edges down on falling Chinese market Steel Business BriefingAsian wire rod prices stable; slow trading ahead of New Year:30 Dec 20:Chinas growing long steel inventories weighing down prices:29 Dec 20:Asian rebar prices flat amid steady offers as billet edges higher:28 Dec 20:Asian rebar edges down on falling Chinese market
SteelOrbis provides the latest flats and slab prices and price trends via the flats and slab price reports and market analyses listed below. These flats and slab price reports are derived from actual flats and slab market transactions and they can also be viewed on SteelMint - Commodity prices, insights, statistics Prices - Flat Steel prices jumped sharply over surge in coking coal prices; Exports - Price hike in global market boosted Indian Flat Steel Exports in H2 2016; Imports - Protectionist measures restrict Flat Steel imports to India; Production - India's crude steel production up 7% Y-o-Y from Jan-Nov'16; Indian Flat Steel Industry in 2017 - An
SE Asia:Billet import offers continue to rise, with limited bookings Low demand to hamper growth in Chinese steel prices - CISA. 18 Dec, 10:21 IST. Show more the buyers are showing reluctance in buying any stock further as the prices in the domestic market would reduce once the VAT is down at 13%. However, in South Africa, power Strong semis imports in June make China net steel importerJul 28, 2020 · Active buying of billet and slabs from abroad was supported by strong demand in the local market in China and the price difference with the international market. Sources mentioned that finished products, HRC especially, were also in demand, which pushed finished steel shipments to the country up by 46.7 percent month on month in June.
As steel prices finally level off after a dramatic months-long climb, foreign steel prices start to look pretty attractive. To buy or not to buy that steel is a question that now carries a lot of risk, much more than it did only a year ago. Tokyo Steel reduces domestic scrap buying price at only Dec 26, 2018 · Sources inform SteelOrbis that Tokyo Steel continues maintaining scrap buying prices stable in the other regions except at the same Okayama site that has previously encountered several downward price adjustments in December. Prices at the Okayama site decreased JPY 500/mt again.
The seasonal effect on steel prices has likely been overstated in recent years, especially within Southeast Asia. Given that some traders are buying physical billet while locking in prices on Chinese rebar futures, China's imports of Vietnamese billet may continue VIETNAM STEEL SCRAP:Lower volumes from Japan stabilize pricesChina is a key buyer of Vietnamese steel, and its lack of fresh import business for material such as steel billet has weighed on Vietnam steel prices and Southeast Asia steel billet prices in recent weeks. China purchased more than half of Vietnams bumper 882,019 tonnes of steel exports in June 2020, according to data from Vietnams customs.
China is a key buyer of Vietnamese steel, and its lack of fresh import business for material such as steel billet has weighed on Vietnam steel prices and Southeast Asia steel billet prices in recent weeks. China purchased more than half of Vietnams bumper 882,019 tonnes of steel exports in June 2020, according to data from Vietnams customs. Vietnam steel scrap import prices stabilize - ammPrices for cargoes of steel scrap imported to Vietnam held largely stable in the week to Friday October 2 following a reduction in volumes offered by Japan. Participants in Taiwan and South Korea have been away from the market for much of the week due to their Mid-Autumn Festival holidays, leaving only Vietnam among major purchasers of Japan scrap, but no new deals were heard closed this week.
Import prices for steel billet in Southeast Asia were flat on September 6, with buyers staying on the market sidelines amid uncertainty about price trends and their depreciating domestic currencies. Demand for flat steel in Turkey is expected to remain slow throughout September but prices are not expected to fall because there is strong export Asia steel billet buying continues but prices stabilize Asia steel billet buying continues but prices stabilize. Prices of steel billet imported to Southeast Asia have settled into a pattern of relative stability during the week to Monday September 21, market participants told Fastmarkets. Import billet prices climbed through early September with buyers facing a shortage of material after low purchase volumes in recent months, but weaker market sentiment in China and a drop in Asian scrap prices