Iranian buyers uninterested in billet purchases / Middle East The Iranian market for square billet is seeing a lull ahead of the New Year's Day (March 21). Local re-rollers forecast no further price growth because prices in the country are already the highest in the region. Therefore, they decided...
9.3.2010 18:23
Black Sea traders resume scrap exports from CIS Scrap / CIS CIS scrap collectors at the Black Sea ports finally recommenced exports at the beginning of March. Russian suppliers had been focused on domestic shipments for over a month. A lack of the material forced domestic steelmakers to compete for available volumes, bidding at high levels. At the same time...
9.3.2010 18:07
No offers in US market for pig iron Pig Iron / USA The US market for pig iron shows low spot activity in the second week of March. There are only few offers in the market as most suppliers are holding off on ...
9.3.2010 17:36
Nippon Steel (Japan) to acquire stake in YKGI (Malaysia) Tubes & Pipes / South East Asia Japanese steelmaker Nippon Steel Corporation (NSC) and Malaysian sheet producer Yung Kong Galvanising Industries Berhad (YKGI) have reached ...
9.3.2010 17:33
European pig iron market: suppliers change policy Pig Iron / South Europe All exporters of merchant pig iron selling the material in the European market have changed their policy early this week. The main reason for this has been negotiations...
Italy: domestic rebar prices head up Long products / South Europe Prices for rebar keep rising in Italy. In spite of weak demand for construction steel in the country, local mills intend to follow ...
9.3.2010 17:23
Bangkok Steel Industry (Thailand) continues to lift production Long products / South East Asia Thai company Bangkok Steel Industry plans to increase rebar and HDG production in March by 25% and 33% m-o-m respectively. Rebar production will amount to...
9.3.2010 17:04
ArcelorMittal Warszawa (Poland) boosts rebar prices Long products / Central Europe Poland’s ArcelorMittal Warszawa, which raised base rebar prices by PLN 50/t (EUR 15/t) in early March, has decided to move them up further. Citing...
9.3.2010 16:55
Export prices for CIS billet hike by $15/t (Editor's Choice) Steel Semis / CIS CIS exporters continue to raise billet quotations at the Black Sea ports. In particular, prices for square billet have risen by $15/t over the past week...
Thailand: billet imports rise slightly in 2009 Steel Semis / South East Asia Thailand slightly increased imports of square billet in 2009 (by an average of 6%, to 1.395mt) compared with the previous year. In particular, CIS countries...
Colakoglu (Turkey) to launch HR mill in May-June Flat Products / Turkey Turkey’s Colakoglu plans to commission a new hot rolling mill (3mtpy) in May-June. Earlier, the company planned to launch the facility, supplied by...
Vietnam: foreign HRC suppliers testing market with price increase Flat Products / South East Asia Foreign suppliers of flats to Vietnam, staying in a wait-and-see mode in the middle of last week, have decided again to test the market with another price increase referring to soaring prices for raw materials ...
Italian flats prices to Croatian buyers continue to climb Flat Products / Balkans Foreign suppliers continue to strengthen their position in the Croatian market for flats. In particular, early in March, Italy’s Marcegaglia raised flats prices again...
9.3.2010 14:21
Promet (Bulgaria) jacks up domestic rebar prices Long products / Balkans Slightly improved demand in the Bulgarian longs market and increased prices for raw materials and semis have caused another rise in rebar prices but this time a more substantial one...
Russia: mills increase coated steel output Flat Products / CIS The Russian market for coated steel products is bottoming out. According to company sources, the number of orders is gradually growing. Traders are booking in larger quantities not only because of speculative market sentiment amid higher cost of the products, but also because of more active end-buyers. Most suppliers expect...
9.3.2010 13:05
Erdemir (Turkey) announces growth of flats prices Flat Products / Turkey Yesterday, Turkey’s Erdemir followed the general upward trend and announced a $35-40/t increase in domestic base prices for...
9.3.2010 12:25
Kardemir (Turkey) ups rebar prices again Long products / Turkey Turkey's Kardemir, which already raised rebar prices twice at the beginning of the month, is continuing the upward trend, mainly due to growing prices for scrap...
Freight market overview // 9th week 2010 Freight / Global In the Black Sea freight market, prices for transportation by river-sea vessels and coasters have stayed unchanged in early March, shipowners managing to keep prices stable. However, the amount of cargoes and the number of available vessels remain unbalanced ...
9.3.2010 09:41
Ukraine: mills' prices for flats to continue rising into April Flat Products / CIS Ukrainian producers of uncoated flats have considerably increased domestic prices in March. The upward moves have been attributable to higher demand and prices in foreign markets. Besides...
9.3.2010 09:26
Hoa Phat Steel (Vietnam) to launch melt shop Long products / South East Asia Vietnamese longs producer Hoa Phat Steel plans to start up a BOF-shop (350,000tpy) at its new plant Hai Duong, after which the company will become self-sufficient in billet...
5.3.2010 18:47
LME: square billet quotations on the rise Steel Semis / CIS Square billet quotations on London Metal Exchange are moving up following growth of prices in the physical market. In particular, Mediterranean cash quotations have climbed...
