The Brazilian construction industry chamber, CBIC, has raised its forecast for the sector’s gross domestic product (GDP) in 2022 to a 3.5% increase, from the previous 2.5% guidance, due to federal programs and renovations expected for the second half of the year, it said on Monday July 25

After six years of prosperity, China’s steel industry has entered a new era with excessive supply and declining demand, and where it is overly financialized, according to Han Weidong, vice president of leading Chinese steel pipe maker Youfa Group

Egypt's use of rebar was almost halved in January 2021, with the country consuming just 308,000 tonnes of the construction material - a 46.53% year on year drop from January 2019's 576,000 tonnes.

Turkish steel mills continued to book deep-sea scrap for June shipment, supported by strong export demand for rebar, market participants told Fastmarkets on Thursday April 22.

Turkish steel producers started to look for scrap cargoes at the end of this week after the latest downturn in prices and a revival of demand for long steel products in Southeast Asia, market sources said on Friday March 26.

Fastmarkets proposes to reduce the frequency of the publication of its fob China rebar index due to low spot market liquidity in the past year.

The Canada Border Services Agency (CBSA) has initiated an anti-dumping investigation into imports of specific concrete rebar from Oman and Russia, the agency said on December 4.

Turkish deep-sea scrap import prices strengthened again on Tuesday April 6, with reports of a fresh Baltic Sea cargo, market sources told Fastmarkets.

Steel scrap prices in both Turkey and the major Asian markets were under pressure in the week to Friday July 29. Most participants in these markets were expecting more of a downtrend to come in scrap prices amid weak sales of steel products

After a period of consultation, Fastmarkets will change the location of the fob China rebar index from Tianjin to China main ports.