February 2020

US HRC index steady amid lead time extension

Hot-rolled coil prices in the United States have remained relatively stable over the past week, although longer lead times are likely not driven by increased demand.

US Galvalume prices rise despite soft flat-rolled steel market

Despite poor performance in most flat-rolled steel products, prices for Galvalume products continued to move up steadily because of strong demand, extended lead times at domestic mills and expectations that ferrous scrap prices may rise in the next month, sources said.

AT A GLANCE: Ternium Q4 2019 earnings down on lower steel prices, volumes

Latin American steel group Ternium showed a decline in its earnings before interest, taxes, depreciation and amortization (Ebitda) of 49% year-on-year in the fourth quarter of 2019, amid a reduction in steel prices in North America in the second half of the year.

EUROPE PLATE: Domestic prices inch down in slow market

Domestic prices for heavy steel plate in Europe moved down over the past week due to limited trading activity, sources told Fastmarkets.

EUROPE HRC: Domestic prices continue to rise in the north

Domestic prices for hot-rolled coil in Northern Europe have moved up day on day, supported by good order books at mills and a lack of competitive imports, sources told Fastmarkets on Wednesday February 19.

CHINA HRC: Domestic market stabilizes on returning businesses, coronavirus optimism

Exporters of Chinese hot-rolled coil lowered their offers further to stimulate sales amid high inventory levels despite a relatively stable domestic market on Wednesday February 19.

Flat Steel Products Trade Log, February 19, 2020

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

Asian buyers snap up Chinese plate on low prices, but rebound expected

Trading activity involving Chinese plate picked up in the past week due to the emergence of low export offers from China, although prices are expected to pick up soon.

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

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

Brazilian flat steel sales up 5.3% in January amid price increases, Inda says

Flat steel sales from Brazilian distributors increased by 5.3% year on year in January, with the country’s steel consumption rising amid price increases, according to national flat steel distributors’ association Inda.