July 2020

EUROPE HRC: Transaction prices stabilize after rise

Domestic transaction prices for hot-rolled coil in Northern Europe were largely stable day on day on Friday July 3 after a week of increases, while steelmakers are targeting further rises, sources told Fastmarkets.

TURKEY COATED FLAT STEEL: Prices stable amid moderate demand

Turkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil were unchanged in the week to Friday July 3 on stable hot-rolled coil prices and moderate demand, sources told Fastmarkets.

TURKEY FLAT STEEL: Market slows down, prices remain stable

Domestic prices for hot-rolled and cold-rolled coil remained stable in Turkey during the week ended Friday July 3, with demand weak, sources have told Fastmarkets.

Tata Steel seals deal with union in Netherlands to end industrial action

Tata Steel has reached an agreement with trade union FNV Metaal over its Dutch assets, bringing an end to 25 days of industrial action, the company said on Friday July 3.

CHINA HRC: Prices rise, but concerns over delivery of Indian cargoes increase

China’s hot-rolled coil prices rebounded on Friday July 3, with rising futures bolstering sentiment. Some importers have started to worry about the delivery of Indian cargoes amid rising tensions between China and India.

IN CASE YOU MISSED IT: 5 key stories from July 2

Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.

Short lead times, discounts weigh on US hot-rolled coil index

Hot-rolled coil prices in the United States continue to hover just below $24 per hundredweight ($480 per short ton) on short mill lead times, uneven demand and concerns about the potential economic impact of a surge in Covid-19 infections.

EUROPE CRC: Domestic prices up on demand recovery, higher feedstock costs

European domestic prices for cold-rolled coil moved up over the week ended Wednesday July 1, supported by a degree of demand revival and higher prices for hot-rolled coil feedstock, sources have told Fastmarkets.

EUROPE HRC: Transaction prices inch further up in the north

The daily index for hot-rolled coil in Northern Europe has inched up further supported by demand recovery and the continuing lack of competitive imports, sources told Fastmarkets on Thursday July 2.

TURKEY FLAT STEEL WRAP: Prices rally mid-June with modest buying activity

Most Turkish flat steel prices hit a monthly peak on June 12, following feedstock prices, before edging back down when buyers concluded their procurement activity, market participants told Fastmarkets on Thursday July 2.