April 2021

US HRC index surges above $75/cwt for first time

Hot-rolled coil prices in the United States surged above $75 per hundredweight ($1,500 per short ton) for the first time ever exactly one year after tumbling below $22 per cwt in the wake of the Covid-19 pandemic-related demand crash.

US structural tubing price steady; price bumps expected in May

Prices for hollow structural sections (HSS) in the United States remained level week on week, but some sources anticipate further price increase announcements as early as the first week of May.

US cold-rolled, galvanized sheet prices up again; mills own upper hand

Prices for cold-rolled and galvanized steel coil climbed to new records after market participants said there is hardly any spot material and the duration of the shortage likely will persist longer than buyers had feared.

US beams prices higher on strong demand

Domestic and imported steel beam prices in the United States rose on Thursday April 29, in line with recent mill price increase announcements due to rising demand and tightening supply.

Brazil export slab prices hit record high amid strong US demand

Export prices for Brazil-origin slab were up for the fourth consecutive week on Friday April 30, with strong demand and costlier raw materials resulting in higher offers to the United States.

Sale of Liberty Steel Ostrava carbon allowances angers trade unions

Trade unions at Liberty’s Ostrava plant in the Czech Republic were considering further industrial action and even legal proceedings after news emerged that the plant’s EU emissions allowances had been sold to another Liberty-owned steel mill in Romania, Fastmarkets heard on Friday April 30.

South America flat steel import prices rise, hit temporary ceiling

South American flat-rolled steel import prices were generally up in the week to Friday April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly factored in previously, market participants said.

AT A GLANCE: Erdemir Group Q1 earnings increase sharply on strong demand

A summary of the financial results for Turkey’s largest steelmaking group, Erdemir, for January-March 2021.

New Tatçelik cold-rolling mill in Turkey running at full capacity, installer says

The new five-stand tandem cold-rolling mill at Tatmetal Çelik in Turkey is now running at full capacity, Italian supplier Danieli said on Friday April 30.

EU to set 13.4-34.6% provisional anti-dumping duty on CR stainless steel from India, Indonesia

The European Commission (EC) will set provisional anti-dumping duties of 13.40-34.60% on cold-rolled stainless steel from India and Indonesia, the EC said on Friday April 30.