Commercial Metals Co (CMC) is focusing on sustainability and growth after kicking off 2022 with a record quarter and a confident fiscal outlook, the company’s top executive said on Monday January 10. “Before we can responsibly talk about growth, we need to be certain that what we are growing is sustainable,” chairperson, president and chief […]

Market sentiment in the Chinese domestic rebar market was optimistic on Thursday March 12 after the National Health Commission (NHC) announced the peak of the novel coronavirus (2019-nCoV) in China has passed.

The fall in import prices for finished steel products in the United States was not enough to attract many buyers due to logjams at domestic ports that have made it costly, time-consuming and risky to buy foreign steel, Fastmarkets has learned

Prices for imported steel billet and rebar in the UAE and Saudi Arabia have increased, while domestic rebar prices in the UAE have remained stable, sources told Metal Bulletin this week.

Demand for rebar is set to recover in Brazil this year, market participants say - and mills have already announced a first round of price increases.

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.

There is an increasing likelihood that Russian hot-rolled coil might be sold through Chinese channels in the near term due to the mounting sanctions being imposed on Russian oligarchs and businesses, a trader in Asia told Fastmarkets on Friday March 11.

Key Asian markets Taiwan and the Philippines will have to rely more on higher-priced steel billet from Southeast Asia if they can no longer procure Russian material amid the ongoing Russia-Ukraine conflict, according to sources

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.

Seaborne iron ore prices are seeing narrower 62-65% Fe spreads amid stronger preference for mid-grade fines and stable demand from buyers, sources told Fastmarkets on Wednesday June 8