Spanish Rates For Scrap And Rebar Rise
In the final days of February, the majority of the big mills raised their purchase prices by nearly €15/tonne ($16.01) for all categories, according to...
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Induction Furnace Billet Is Becoming More Popular Among Filipino Re-rollers As A More Affordable Option Than Blast Furnace And EAF Billet
Vietnamese induction billet is rumored to have recently been sold by a Chinese dealer for $622–623 per ton cfr Manila. Traders claim to have seen...
Turkish Mills Agree On Pricing And Ensure Supply For Reconstruction
On February 1, rebar was selling for about $710 per tonne ex-works, but since then, scrap values have risen by more than $30 per t....
Saudi Sharp Steel Tariff Cuts Confuse Markets
On March 1, clearing agents notified buyers of hot rolled coil and billet that the import duties on each had been decreased from 15% to...
At IJmuiden, Tata Steel Nederland Declares A Force Majeure
A broader dimensional window for its high-strength steels was one of the goals of the upgrade, which got under way in August of last year....
Turkish Rebar Costs Increase Due To The Domestic Market
Additionally, this has led scrap suppliers to raise their rates and withdraw from the market. Since the beginning of the week, some rebar producers have...
World Steel Output Remains Weak
With 145.3 million tonnes produced, crude steel production in the 63 nations tracked by worldsteel was down 3.3% from a year ago but up from...
EU Coil Prices Face Uncertainty
Several mills have reportedly adopted ArcelorMittal’s hot-rolled coil price announcement of €820/t ($877), according to a Dutch service center buyer. According to him, delivery timeframes...
Billet Import Prices in Southeast Asia Have Quickly Bounced Back
Blast furnace billet import bookings continued through early last week at less than $600 per ton ex-Manila. Open-origin ASEAN/Chinese 3sp/5sp 150mm billet, according to a...
Taiwanese Scrap Prices Fall On Increasing Supply
The price for containerized US-origin HMS 1&2 80:20 was $420/t cfr Taiwan, which was unchanged from the previous week. Deals were, however, reported earlier this...
Bahrain-based Sulb Sections Are Free From Import Taxes in Saudi
The buyers have received an email informing them that they are exempt from issuing a payment guarantee or paying import duty until June 2023. This...
Poland Scrap Traders Replace Turkish Market With Exports To India
Exports to Bangladesh increased 158% to 144,326t, while shipments to India witnessed an unusually significant increase, from 56,364t to 236,225t. Nevertheless, shipments to Pakistan decreased...
