January 2019

US cold-rolled coil, hot-dipped galvanized prices follow HRC lower

Prices for cold-rolled coil and hot-dipped galvanized material in the United States have moved into correction territory, falling to levels last seen before the Section 232 tariffs were implemented.

Indian HRC import prices widen on bookings from Iran, South Korea

Prices of imports of commercial-grade hot-rolled coil (HRC) into India in the week ended Friday Jaunary 18 widened after large shipments were booked from Iran and South Korea.

ArcelorMittal Brasil studying to expand flat-rolling capacity in Tubarão

ArcelorMittal Brasil is currently designing a long-term strategic plan until 2030 with a possibility that it would include an expansion to its flat-rolling capacity in Tubarão, local chief executive officer Benjamin Baptista said on Friday January 18.

TURKEY FLAT STEEL: Some prices fall on continuing lack of demand

Some steel coil prices in Turkey fell this week on continued slow demand because buyers are waiting for prices to reach a bottom, sources told Fastmarkets on Friday January 18.

TURKEY COATED FLAT STEEL: Prices stable, demand expected to improve

Coated steel prices in Turkey were stable in the week to Friday January 18, with demand expected to improve because of low stock levels.

Flat Steel Products Trade Log, January 18, 2019

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.

CHINA HRC: Prices edge up on growing optimism

China’s hot-rolled coil prices picked up more strength on Friday January 18 on improved sentiment.

China AM: Ferrous futures maintain strength

China’s ferrous futures maintain their strength during morning trading on Friday January 18, with the steel and coke contracts leading the charge.

IN CASE YOU MISSED IT: 5 key stories from January 17

Here are five Fastmarkets MB stories you might have missed on Thursday January 17 that are worth another look.

EUROPE HDG: Prices stable but may rise slightly with safeguard measures

Domestic prices for hot-dipped galvanized (HDG) coil in Europe have been stable over the past week because market activity has not recovered fully after the new year holidays in the EU, sources told Fastmarkets on Thursday January 17.