Indian medium and small scale rebar market has observed mix trends over the past week and as per weekly comparison prices have moved up by INR 200-600/MT in most of the regions on increase in semis price range.
News ID: 7303 Publish Date : 2019/10/31
Medium scale re-rollers in Bangladesh have slightly reduced their rebar offers by BDT 500/MT (USD 6) against last week. The offers have come down on account of weak trade volumes due to liquidity crunch, as stated by participants to SteelMint.
News ID: 7302 Publish Date : 2019/10/31
Indian secondary rebar market observed limited trade volumes amid ongoing festive mood in the country. As per daily assessment rebar prices inched up by INR 100-300/MT across regions.
News ID: 7092 Publish Date : 2019/10/25
Chinese private-sector producer Jiangsu Shagang has kept its rebar ex-works prices unchanged for early November delivery as spot prices get support from falling market inventories.
News ID: 7070 Publish Date : 2019/11/01
SteelMint learnt in recent conversations with market participants that Pakistan based steel mills have raised rebar offers this week by around PKR 1000/MT (USD 6) following hike in imported scrap prices. The imported scrap offers to Pakistan has continued to inch up over the last week following the rising global trend in recent bookings to Turkey. However, buying activities have been quite slow at high offers with few low quantity bookings getting concluded to maintain inventories. The domestic market is still facing slow demand on issues like cash flow and delayed projects.
News ID: 7048 Publish Date : 2019/10/22
Indian medium scale mills have raised their rebar offers amid decent trade volumes in overall regions and the price range have been increased by around INR 400-1,200/MT (USD 5-17), W-o-W.
News ID: 7006 Publish Date : 2019/10/18
India's domestic rebar prices have continued to fall, despite receding monsoon rains in October, as construction activity remained constrained because of a lack of funds.
News ID: 6895 Publish Date : 2019/10/23
This week Chinese steel prices exhibited downtrend over volatile futures. However, the nation’s export offers remain largely stable post holidays.
News ID: 6862 Publish Date : 2019/10/12
Indian large scale mills have announced finish long steel prices for Oct’19 deliveries maintaining the similar price range. Few participants are assuming that prices have already bottomed out.
News ID: 6822 Publish Date : 2019/10/08
Chinese private-sector producer Jiangsu Shagang cut its rebar ex-works prices by 100 yuan/t ($14/t) for late October deliveries on rising supplies and sluggish demand.
News ID: 6799 Publish Date : 2019/10/21
Texas-based steelmaker Commercial Metals (CMC) shut down its melt shop located at its steel rebar mill in Rancho Cucamonga, California, because of regulatory costs and lower rebar prices.
News ID: 6660 Publish Date : 2019/10/15
Chinese steel producer Jiangsu Shagang has raised its rebar ex-works prices by 30 yuan/t ($4.20/t) for mid-October deliveries in response to solid rebar demand during the high season.
News ID: 6628 Publish Date : 2019/10/11
This week Chinese finished steel prices continued to remain volatile amid fluctuations in the futures market. With the aspiration of clear and pollution-free sky, stringent production curbs announced by Hebei, Shanxi and Shandong provincial govt ahead of China’s National Day processions on 1st Oct’19 sent spot steel prices soaring. However, prices could not sustain the momentum and started to decline towards the end of the week with the curbs engrossing major downstream steel-consuming sectors resulting in a decline in demand.
News ID: 6597 Publish Date : 2019/09/28
This week Chinese steel prices tumbled in the domestic market in line with lenient winter production cuts and anticipation of increased production by year end. Thus increased inventories and slowdown in buying activities resulted to decline in domestic steel prices.
News ID: 6478 Publish Date : 2019/09/21
Finished long steel demand with medium scale mills in India has slightly improved resulting in recent spike in price range, as per weekly comparison.
News ID: 6459 Publish Date : 2019/09/12
This week Chinese steel market exhibited mixed sentiments as domestic prices gained momentum and on the other hand, export offers slide down further over slowdown in global prices. Despite upside in domestic prices buying activities continue to remain thin both in domestic and overseas market.
News ID: 6417 Publish Date : 2019/09/07
Indian large mills have rolled over rebar prices despite the weak buying interest, which is being observed through the trade associates along with sufficient stock with mills.
News ID: 6408 Publish Date : 2019/09/06
Medium sized re-rollers in Bangladesh have reduced their rebar offers against last week assessment due to inadequate demand of finished steel which has narrowed down post Eid festivals.
News ID: 6382 Publish Date : 2019/09/05
This week Chinese steel prices witness significant fall in the wake of volatile futures along with intensifying US-China trade war. Also in the beginning of this week Yuan depreciated against USD which lead to further fall in domestic prices.
News ID: 6373 Publish Date : 2019/08/31
Iranian steelmakers produced a total of 15.61 million tons of steel products during the first four months of the current Iranian year (March 21-July 22) to register an 8% year-on-year increase, the Iranian Steel Producers Association's latest report shows.
News ID: 6164 Publish Date : 2019/08/25