July 2019

No sign of US plate price recovery despite HRC rise

Plate prices in the United States have continued to slide due to weak market fundamentals, but the recent stabilization of hot-rolled coil prices could support the free-falling plate market, sources said.

EU buyers '30% over quota for automotive-use coated flat steel from China'

European buyers have already bought about 30% more than the yearly quota for imports from China of hot-dipped galvanized coil (HDG) grades used by the automotive industry, market sources have told Fastmarkets.

CHINA HRC: Final phase of Tangshan's production curbs lend strength to prices

China’s hot-rolled coil prices regained some strength on Monday July 22 after local authorities in Tangshan, the steelmaking hub in northern China, reiterated production cuts for steelmakers under their jurisdiction.

Flat Steel Products Trade Log, July 22, 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.

ASIA HRC: Formosa Ha Tinh's higher offers prop up import prices in Vietnam

Hot-rolled coil prices in Asia increased over the past week after sellers in the key regional market of Vietnam raised their offers to match increases announced by a major domestic steelmaker for cargoes to be shipped and delivered in September.

US hot-rolled coil price rise boosts domestic cold-rolled, coated sheet prices

Prices of steel sheet products in the United States edged up during the week to Friday July 18, tracking an increase in the price for domestic hot-rolled coil.

Brazil applies anti-dumping duties on electrical steel from Germany

The Brazilian government has imposed a definitive anti-dumping duty on imports of non-grain-oriented (NGO) electrical steel products from Germany, it announced in its official gazette on Friday July 19.

SSAB forecasts good Q3 steel demand in US, weakening demand in Europe

Swedish steelmaker SSAB expects demand for heavy steel plate to remain strong in the United States during the third quarter of 2019 but sees demand for flat steel in Europe decreasing due to seasonal reasons.

Flat steel import prices steady in South America on Chinese uptrend

Flat-rolled steel prices mostly moved upward in South America during the week ended Friday July 19, following the persistent Chinese uptrend, but the prices for hot-dipped galvanized coil (HDG) and Galvalume were unchanged.

India hears offers of South Korean HRC up by $5 per tonne

Offer prices for South Korea-origin hot-rolled coil (HRC) exported to India have increased by at least $5 per tonne to $535-540 per tonne cfr Mumbai for shipments in August, Fastmarkets heard on Friday July 19.