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CRC exporters from China have managed to keep the current price level in the second half of April because of the better demand. On the other hand, it is expected that that May-June price will be unfavorable.

The largest steel long products manufacturer in UAE, Emirates Steel Industries (ESI) has decided to keep their local prices for May rebar unchanged although there is a decrease in prices for Turkish rebar because of lower metal scrap prices. This decision

Steel manufacturers around the world are set to face lower levels of demand growth as structural issues impact emerging markets and China tries to rein in parts of its economy, a new report says.

Global steel demand is likely to grow at a faster pace of 3.3 per cent this year, driven by rising demand for the commodity from India, Brazil, Russia, West Asia and North Africa, according to a report.

Shougang decided to keep their current price for HRC and CRC for May.

A $16/t increase for heavy steel plates for May was announced producer Hebei Steel in China. However, their prices for HRC will remain and their price for CRC will be reduced by $16/t.