Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
From August 30 to September 20, 2024, due to the rise of scrap steel in Türkiye, the S420ML steel price of deformed steel bars in this country will rise by 1.7% to USD 575-590/ton FOB. Since March, the market has shown an upward trend for the first time, with prices falling from April to May and stabilizing at $580 per ton from June to August. In addition, with the strengthening of the euro against the US dollar, demand from European consumers (mainly from Romania and Bulgaria) has improved. The main export demand comes from the Balkan Peninsula.
From August to September, the price of rebar in the S420ML steel European market remained relatively stable. In Northern Europe, prices have been around 610-630 euros/ton EXW since mid July, while in Italy, due to a decrease in scrap steel prices since early September, thread prices have dropped by 3.4% to 550-560 euros/ton. Prices in the Italian market are expected to rise to 560-580 euros/ton this week. Buyers in the European market have adopted a cautious attitude towards purchasing, utilizing existing inventory for as long as possible. At the same time, infrastructure construction in some regions is expected to accelerate, which will help steel companies implement plans to increase prices in the second half of September.
In the Midwest region of the United States, the price of rebar has fallen by 1.3% since early September, to $740-750 per ton.
Since early September, the supply of rebar in the Chinese market has slightly rebounded, rising by 0.1% to $452.88 per ton. Meanwhile, the growth rate in August was 4.8%. Despite the weakness of the construction industry, the price of Chinese rebar is still rising. The actual demand is still low, but the S420ML steel market is preparing for the upcoming seasonal growth in steel consumption.
