October 2021

CHINA HRC: Prices supported by new production curbs

Domestic hot-rolled coil prices in China narrowed upward on Tuesday October 19, with market sentiment boosted by new production curbs in the country’s eastern region.

FOCUS: The link between Toyota's shutdowns and steel scrap prices

What do Toyota's automotive plant shutdowns have to do with steel scrap prices?

CHINA REBAR: Tight supply halts price descent

China’s domestic rebar prices stopped falling on Tuesday October 19 on tight supply, though market sentiment on demand remained pessimistic.

Hoa Phat Steel close to securing UK Cares certification, sources say

Vietnam's Hoa Phat Steel is close to obtaining certification from the United Kingdom Certification Authority for Reinforcing Steels (Cares), which would allow it to sell its rebar to the key markets of Singapore and Hong Kong, sources told Fastmarkets this week.

China's coal output rises after NDRC urges miners to ramp up

China's National Development & Reform Commission has urged coal miners to raise their operating rates and increase supply amid a power shortage in the country and high prices for natural gas in other parts of the world.

IN CASE YOU MISSED IT: 5 key stories from October 18

Here are five Fastmarkets stories you might have missed on Monday October 18 that are worth another look.

Mexico's Ahmsa restarts hot-rolling mill after 2-week maintenance

Mexican steel producer Altos Hornos de México (Ahmsa) concluded a two-week maintenance at its hot-rolling mill, it said on Monday October 18.

EUROPE HRC: Trading slow; sentiment negative on poor automotive demand

Trading activity in the European hot-rolled coil market remained subdued on Monday October 18, with mills and buyers both holding back from trading, sources told Fastmarkets.

EUROPE HRC WRAP: Domestic prices continue to slide; sentiment bearish

Domestic prices for hot-rolled coil declined in the European Union in the week to Friday October 15, reflecting bearish sentiment in the market and poor demand from the automotive segment.

CIS STEEL BILLET: Price jumps following sales to Turkey

The Commonwealth of Independent States' (CIS) billet export prices increased following a couple of Black Sea cargoes reportedly sold to Turkey, sources told Fastmarkets on Monday October 18.