CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices China import billet prices largely flat but sellers bullish Iron ore market on Chinese market holidays Alliance of Russian steelmakers to protect environment China Development and Reform Commission efforts to supply steel power
The Turkish long steel export market remained sluggish over the past week due to limited demand from the country’s major export outlets, market sources said on Thursday July 8.
China’s domestic rebar market ended the week with increased prices in both eastern and northern regions, though prices were stable on Friday July 9.
Export prices for Chinese steel plate were stable in the week to Tuesday July 6, but market participants said they could soon increase following recent gains in the futures market.
Iran's steel output will be negatively affected by severe power shortages that started in June and still remain an issue, market participants said.