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CHINA STEEL SCRAP: Bullish sentiment wins out while steel prices rebound
Sentiment in the China import scrap market has turned bullish after downstream steel prices rebounded on Tuesday April 13.
RUSSIA REBAR: Prices flat on lack of new offers, likely price rise
The domestic steel rebar market in Russia's Central Federal District around Moscow was broadly flat over the week due to producers holding back from making new offers, while buyers expect prices for May volumes to rise, Fastmarkets heard on Monday.
Auto turkey scrap bundle prices up on costlier imports
The price of auto bundle scrap in the Turkish domestic market has risen slightly over the past week.
CHINA HRC: Market tumbles on govt call for stable commodity prices
China’s hot-rolled coil prices tumbled on Monday April 12 amid a government call for stable commodity prices, but exporters raised their offers after a rise in trading activity last week.
Asia steel billet prices rise again but China momentum slows in late week
The price of steel billet sold to China increased again over the seven days to Friday April 9, stalling by the end of the week due to higher domestic billet supply to Tangshan, sources said.
CHINA HRC: Export prices remain high despite domestic fall
China’s hot-rolled coil prices continued to fall on Friday April 9 amid futures losses, but export prices remained high due to limited supplies.
CHINA REBAR: Prices retreat on weaker demand
China’s domestic rebar prices dropped slightly on Wednesday on April 7 on weakening demand and futures losses.
China’s CRC, HDG export prices strengthen, but HRC steals the show
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil strengthened significantly over the past week amid uncertainties over China’s export tax rebate for steel products.
FOCUS: HRC in Asia could rise beyond $1,000/t, stay at historic highs
The price of hot rolled sheet imports in Asia could exceed $ 1,000 per tonne in the coming months.
CHINA SCRAP : Price rebound continues amid strong domestic demand, regional increases
Import prices for China scrap into have continued to increase in the week to Tuesday April 6, amid strong domestic demand and regional rebounds, market sources told Fastmarkets.