October 2021

US CRC, galv sheet prices edge lower

Prices for cold-rolled and galvanized steel sheet in the United States edged lower on Thursday October 21 after remaining flat for several weeks.

US plate prices flat; mill increase said likely next week

Carbon steel plate prices in the United States were stable on Friday October 22 but are expected to go up next week, since Nucor announced a price increase Friday that market participants believe will be accepted.

US hot-rolled coil index hits lowest since late August

Hot-rolled coil prices in the United States ended the week by sliding to their lowest level since late August, with more uncertainty fogging the market outlook.

South American flat steel import market mixed

South American flat-rolled steel import prices had no clear trend in the week ended Friday October 22, with a few Chinese offers issued at higher levels being countered by less expensive material from other origins.

Indian mills raise domestic HRC prices for second time in October

Indian domestic prices for steel hot-rolled coil have risen by about 1,500 rupees ($20) per tonne in the week to Friday October 22, with most mills announcing price rises.

TURKEY COATED FLAT STEEL: Prices increase again; some producers close orderbooks

Coated steel coil prices in Turkey jumped again during the week to Friday October 22 and some producers are no longer accepting new orders, sources told Fastmarkets.

TURKEY FLAT STEEL: Price surge continues on stronger demand

Hot-rolled and cold-rolled coil prices continued to surge in Turkey during the week to Friday October 22, supported by strong demand, sources told Fastmarkets.

EUROPE HRC: Buyer sentiment down, but mills to attempt price rise

Domestic hot-rolled coil prices across Europe were stable on Friday October 22, after declining earlier in the week, sources told Fastmarkets.

CHINA HRC: Prices drop following previous day’s sharp futures losses

Spot prices for hot-rolled coil in China fell sharply on Friday October 22 following the tumble in futures prices on Thursday triggered by Beijing’s moves to rein in soaring coal prices.

ASIA HRC: Vietnam buyers purchase fewer domestic cargoes amid poor downstream sales

Spot prices for hot-rolled coil imports into Vietnam remained stable in the week to Friday October 22 after transactions for Indian material were concluded at the same level as the past few weeks.