Prices for steel reinforcing bar in the United States ticked up following increase announcements from several domestic mills, and sources expect that uptrend will continue next year if ferrous scrap values move up as anticipated in the January 2020 trade.

Fastmarkets MB has corrected its weekly price assessment for steel rebar bought and sold in the United Arab Emirates (UAE), which was published incorrectly on Tuesday May 28.

Chilean sales volumes of rebar to the domestic market were unchanged in November compared with the corresponding month in 2011.

Prices for rebar in the United Arab Emirates and Saudi Arabia were stable this week while billet import prices in the UAE narrowed with a new deal, sources told Metal Bulletin on Tuesday January 23.

Fastmarkets MB has corrected its weekly price assessment for steel rebar exported from the Commonwealth of Independent States (CIS) via the Black Sea, which was published incorrectly on Tuesday May 28 due to a reporter error.

India has started to impose a 15% export duty on iron and steel products and raised the export duty on steelmaking raw materials such as iron ore to 50%

Rebar shipments to the Chilean construction sector increased by 24.6% in July compared with the corresponding month last year.

The spread between domestic and imported rebar is at its narrowest point since 2012 due to the Section 232 tariffs on steel imports into the United States, which have made imports less attractive to US market participants and ignited demand for domestic material.

The United States’ steel import licenses in January increased modestly month on month and significantly year on year, according to government data

Some rebar producers in Egypt believe that the country should apply duty at 6-8% on imports of steel billet, while others argue that billet imports are essential if enough rebar is to be produced domestically, Fastmarkets heard on Friday November 23.