December 2018

CIS STEEL BILLET: Lower deals, offer prices drag market further down; expectations vary

Export billet prices from the Commonwealth of Independent States continued to decrease in the last days of December amid lower deals, offer and bids reported in the market.

DAILY SCRAP REPORT: Prices down with fresh Baltic cargo

The Turkish deep-sea scrap import price has gone down by around $6 per tonne on Monday December 31 following the news of a booking of a fresh deep-sea cargo.

CIS FLAT STEEL: Buyers await lower prices in early 2019

Buyers in the export market for flat steel products from the Commonwealth of Independent States (CIS) are waiting for lower prices in early 2019 due to oversupply, sources told Fastmarkets MB.

Turkish flat steel imports down by 53% in Nov

Turkey’s imports of flat steel decreased by 52.69% year on year in November 2018, the Turkish Statistical Institute (TUIK) said on Monday December 31.

Asian slab prices flat in quiet market

Import prices for steel slab in Southeast Asia and East Asia were unchanged during the past week due to a lack of bookings as well as sparse bids and offers amid the year-end trading lull.

Singapore rebar import prices unchanged on thin spot trading

Import prices for rebar in Singapore were unchanged this past week amid thin spot trading caused by the year-end holiday season.

Vietnam HRC import market stable amid year-end holidays

Import prices for re-rolling-grade hot-rolled coil into Vietnam were steady this past week due to a lack of trading activity amid the year-end holiday season.

RUSSIA FLAT STEEL: Prices unchanged for early 2019 despite VAT rise

Suppliers of hot-rolled (HR) and cold-rolled (CR) steel sheet to Russia’s Central Federal District around Moscow kept prices unchanged for early 2019, despite an increase in the domestic value-added tax (VAT) rate.

Indian secondary billet prices rise by $9 per tonne in a week on sustained buying

Indian domestic secondary billet prices rose by at least 600 rupees ($9) per tonne over the past week on sustained buying by long product makers and improved trading.

WEEKLY SCRAP WRAP: Global scrap markets muted on year-end holidays

Global ferrous scrap prices were mostly little-changed during the week ended Friday December 28 due to illiquid spot trading.