Turkish hot-rolled coil producers were fully booked until April, and market participants believed that buying would remain strong in January, provided that prices remained firm.
Globally, all steel prices have recently hit their highest levels for at least two years, and were still going up because of strong demand in China, which has more than a 50% share in global production and trade.
Fastmarkets’ daily steel hot-rolled coil index, export, fob main port China
, was $673.33 per tonne on January 6, compared with $588.68 per tonne on December 1 last year.
The price went as high as $702.96 per tonne on December 22, but fell back to $653.25 per tonne fob on December 30 on low trading. But it started to rise again with the start of 2021.
Plans heard for duty changes
The European Commission (EC) calculated a preliminary anti-dumping duty rate of 4.8-7.6% on...