Market Intelligence on Steel and Raw Materials
| Billet | ||
| CIS, $/t FOB Black Sea | 565-575 |  |
| Rebar | ||
| Turkey, $/t FOB | 645-660 | |
| Wire rod | ||
| China, $/t FOB | 625-640 | |
| HRC | ||
| South Korea, $/t FOB | 670-680 |  |
| Scrap | ||
| Turkey, $/t C&F | 435-4401 | |
1 - deal; HMS 1&2 (80:20); ex-USA
| Billet | |||
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Ukraine, $/t fob  |
| Rebar | |||
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Turkey, $/t fob  |
| HR coils | |||
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Russia, $/t fob Black Sea  |
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03.02.12 19:03 | Bearish sentiment prevailing in long product market of Syria and Lebanon Long products, Steel Semis / Middle East Long product demand remains seasonally slack in Syria and Lebanon. Besides, the Syrian market is affected by the complicated political and economic situation. Lebanese buyers are likely to raise purchases by the end of the month, while the outlook for Syria's market is dull... |
03.02.12 18:58 | Turkish longs exporters try to stay afloat Long products, Steel Semis / Turkey Although demand in foreign markets remains slack, Turkish longs exporters try to keep offers at last week’s levels, being ready to cut prices while making deals... |
03.02.12 18:50 | Export prices for CIS longs keep sliding Long products / CIS The situation in the export market for CIS longs is staying unfavourable. Rebar demand is still very slow in the Azov-Black Sea ports, so Ukrainian producers have had to reduce offers again by $5-10/t in a week. In the wire rod segment, some suppliers have also... |
03.02.12 18:45 | Increased prices for Asian semis not propel Vietnamese domestic longs quotations Billet & Longs / South East Asia The Vietnamese longs market situation stays unfavourable due to tough monetary policy in the country as well slow business activity in the region after the New Year holidays... |
03.02.12 18:30 | Longs and structurals prices slumping in Iran due to governmental regulations Long products / Middle East Domestic prices for longs started surging in Iran in early January amid a shortage of import semis caused by international sanctions, thus forcing the government to interfere... |
03.02.12 18:12 | Saudi Arabian longs market quite stable Long products, Steel Semis / Middle East The situation in the Saudi Arabian longs market remains favourable thanks to a large number of construction projects. As a result, stockists keep making purchases seeing end users’ strong demand. At the same time, local material is still preferable since it is mainly... |
03.02.12 18:04 | Domestic rebar prices may roll back in USA Long products / USA US rebar producers keep holding offers at mid-January levels despite weak buying sentiment and the expected decline in scrap prices by mid-February... |
03.02.12 17:52 | Domestic mills' prices for flats cannot go up on poor demand in China Flat Products / China As expected, flats producers in China keep domestic prices unchanged from two weeks ago due to poor demand. Local traders book mainly small parcels taking into account plenty of HR and CR flats... |
03.02.12 17:07 | Flats demand still low in UAE, Syria and Lebanon, prices moving in opposite directions Flat Products / Middle East Demand stays low in the UAE and Lebanon, while in Syria it is almost non-existent. Besides, the forecasts are quiet pessimistic for the Syrian market, while in the first two countries the situation is supposed to improve in spring... |
03.02.12 16:53 | Competition with traders keeps Chinese longs producers from raising export prices Billet & Longs / China Although Chinese longs exporters predicted that prices will go up again in early February, Chinese producers had to postpone the increase due to traders’ flexible policy. Having faced slack buying by foreigners in early February, trading companies... |
03.02.12 16:43 | Upturn in domestic mills' prices for longs delayed in China Long products / China Chinese domestic market for longs still sees rather slack business activity after the national holidays. Although market sources forecast stregnthening of demand from construction companies throughout the month... |
03.02.12 16:22 | Bathurst Resources (Australia) enters into agreement with Taranaki port for coking coal export Coal & Coke / Australia Australia's miner Bathurst Resources entered into an agreement with the port of Taranaki (capacity – over 4 mtpy) for coking coal loading in late January... |
03.02.12 15:59 | Turkish mills buy US scrap actively Scrap / Turkey Import deals are closed in the Turkish scrap market. More flexible pricing policy of suppliers has let local steelmakers start booking scrap with March delivery this week... |
03.02.12 15:53 | BHP Billiton invests $779 million into port capacity expansion Iron Ore / Australia Australia's BHP Billiton invests $779 million into construction of additional loading equipment (100 mtpy) in Port Hedland, which will enable expansion of the port’s throughput capacity to 340,000 mtpy in 2016. Besides, the company currently considers... |
03.02.12 15:32 | Chinese iron ore importers remain inactive contrary to sellers’ expectations Iron Ore / China This week, iron ore demand has been rather slow in the Chinese market as contrary to expectations buyers have not resumed purchases after the holidays. Chinese importers are not keen to buy the material for a number of reasons... |
03.02.12 15:31 | Hope for improvement lingers on in CIS export market for square billet (Editor's Choice) Steel Semis / CIS Contradictive sentiments can be seen in the CIS export market for square billet. Most suppliers of square billet from Azov-Black Sea ports have already sold out for February and prefer to take a break before sales of March output, expecting the situation will... |
03.02.12 15:08 | Deals with US and Japanese suppliers made in Far Eastern scrap market Scrap / Far East Business activity stays high in the Far Eastern scrap market in early February. South Korean and Taiwanese steelmakers are in a hurry to import the material from the USA and Japan at attractive prices... |
03.02.12 14:46 | Australia's Guildford Coal obtains license to develop coking coal project in Mongolia Coke&Coal / Far East Australia’s Guildford Coal has obtained a license to develop its South Gobi coking coal project (Mongolia) for 30 years (with an option to extend the term for up to 70 years). As previously reported, the project will be commissioned in the middle of the year... |
03.02.12 13:16 | Discounts of Australian coking coal exporters attract buyers Coke&Coal / Australia Australian coking coal market has recovered somewhat in early February. Suppliers have discounted $3-5/t willing to attract Asian buyers, so currently the material is available at $215-218/t FOB Gladstone... |
03.02.12 11:55 | Domestic scrap prices drop again in Turkey Scrap / Turkey Domestic scrap prices have fallen again in the Turkish market a week after the last downturn. Steelmakers have decided to reduce purchase prices for local scrap by TRY 10-20/t... |
03.02.12 10:57 | Canada's Cline Mining to ramp up New Elk mine to 100% capacity by end-Q1 Coke&Coal / USA Canadian coal company Cline Mining plans to ramp up New Elk mine (Las Animas, Colorado, USA) to the designed capacity of 0.25 mtpm of hard coking coal from February till March... |
02.02.12 18:10 | Vietnamese buyers do not support rise in prices for import HR flats Flat Products / South East Asia Demand remains poor in Vietnam's flats market after the end of the holidays. Foreign suppliers of HR products are unanimously lifting prices for the material to be shipped in March... |
02.02.12 18:06 | Iran's billet market players look for ways to finance imports Steel Semis / Middle East The situation in the Iranian billet market is still tense due to financial problems arising from international sanctions... |
02.02.12 17:47 | Another rise in wire rod price hardly possible in USA until March Long products / USA US wire rod manufacturers still hesitate to lift prices having in mind expected in February drop in domestic scrap prices and a seasonal decline in activity of construction companies... |
02.02.12 17:44 | Downfall in raw material segment drags Italian long prices down Long products, Steel Semis / South Europe Italian longs suppliers have hard times in early February. Amid falling scrap costs, they have had to reduce both domestic and export prices for construction longs... |
02.02.12 17:40 | CIS flats exporters keep February prices from tumbling Flat Products / CIS Most CIS flats exporters have already sold February production, with many of them already offering March output. Although not all sellers concluded contracts at the level of their initial prices... |
02.02.12 17:31 | Chinese HR product exporters put prices up Flat Products / China Chinese exporters keep on raising HR product quotations expectedly, amidst the upward moves of regional suppliers and forecast strengthening in demand from foreign customers... |
02.02.12 17:13 | Far Eastern steelmakers prefer US scrap Scrap / Far East There have been scrap deals between South Korean and Taiwanese buyers and US suppliers at the reduced prices at the end of the week. At the same time, Japanese scrap exporters are making first attempts to stop the fall in prices... |
02.02.12 16:59 | Exports of Japanese scrap grow a bit in December Scrap / Far East Japan exported 636,000 t of steel scrap in December, 3% up m-o-m... |
02.02.12 16:56 | Patriot Coal (USA) fails to meet coking coal sales target last year Coke&Coal / USA USA's Patriot Coal failed to hit last year's coking coal sales target of 8-8.4 mt and actually shipped 7.4 mt of the material... |
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