Global BPI suppliers becoming increasingly bullish
With most global BPI)suppliers opting to remain out of the market, others have continued to take advantage of the current market situation.
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News
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Ex-India billet prices rise much further amid higher local prices, lower allocation
Despite a lack of trading activity in the global billet market, target prices of Indian billet exporters rose much further by the end of the week.
04
Feb
Bids for ex-Japan scrap stable, rise awaited next week with better demand
By the end of the week some South Korean buyers have returned to the market with bids for Japanese material at the same level as seen last week.
04
Feb
Ex-Iran billet trade hit by tight power supply, some sporadic deals done
Ex-Iran export steel billet trading has remained constrained by restrictions imposed by the Iranian government.
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Feb
European scrap prices in Turkey continue their rapid rise
Deep sea scrap prices in Turkey are still moving up in each deal disclosed to the market.
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Feb
Indian mills hike rebar base prices
Indian integrated steel mills led by Tata Steel and Jindal Steel and Power Limited (JSPL) have started increasing base prices for rebar.