March 2024

China's domestic rebar prices hit almost seven-year low amid weak demand

China's domestic rebar prices continued declining on Friday March 29 due to the soft demand, and prices have been the lowest since May 2017.

Brazilian slab export prices unchanged; sellers look for room for increases

Brazilian slab export prices were unchanged in the week ended Thursday March 28, while sellers reported market conditions that could push prices up, but customers reported lower bids.

Subdued seasonal demand inhibits trading in Egyptian rebar market

Producer offers remained unchanged in Egypt's domestic rebar market in the week to Thursday March 28, with slow demand and unchanged market conditions amid the ongoing Ramadan celebrations, sources told Fastmarkets.

Import steel slab offers stable in Italy, but mood downbeat

Import steel slab offers for Italy remained largely unchanged in the week to Thursday March 28, while trading was muted due to the approaching Easter holidays, which start on Friday.

Turkish billet prices rise on costlier scrap; demand remains weak

Billet prices in Turkey increased during the week to Thursday March 28 on growing scrap costs in the country, despite overall demand remaining weak, sources told Fastmarkets.

Asian steel billet prices fall ahead of Easter weekend

Prices of steel billet in the key import market of the Philippines fell in the week to Thursday March 28 due to a drop in Chinese futures contract prices.

China domestic rebar prices set new Q1 low

China's domestic rebar prices remained on their downward trend on Thursday March 28 due to weak demand, with prices hitting their lowest point for the first quarter of 2024, sources said.

UAE rebar, billet market slow during Ramadan

The local market for steel billet and rebar in the United Arab Emirates was slow during the week to Tuesday March 26 due to reduced working hours and the traditional slowdown during the Islamic holy month of Ramadan, sources told Fastmarkets.

China domestic rebar prices fall due to lower coke prices

China's domestic rebar prices continued to fall on Wednesday March 27 on the back of lower prices of coke, which is a key raw material for steel-making.

China's crude steel output falls at slower pace in mid-March on demand recovery

China’s crude steel output fell at a slower pace in mid-March compared with earlier in the month, according to data published by China Iron & Steel Association (CISA) on Monday March 25.