January 2020

Brazil maintains suspension of anti-dumping duties on HRC imports from China, Russia

The Brazilian government has decided to suspend the imposition of anti-dumping duties on imports of hot-rolled coil from Russia and China, according to a decision published in the country's official gazette on Friday January 17.

US cold-rolled coil, galvanized sheet prices up, but below new offers

Prices for cold-rolled coil and galvanized steel sheet in the United States rose after buyers perceived enough demand to accept a portion of the latest producer hikes.

EUROPE HRC: Transaction prices expected to rise on lack of competitive imports

Domestic hot-rolled coil prices in Northern Europe are expected to rise next week on a lack of competitive import offers and an improvement in demand, sources told Fastmarkets on Friday January 17.

South America steel import markets diverge on tough talks before CNY

Import prices of flat-rolled steel in South America made no clear trend for the week while negotiations between sellers and buyers for March shipments intensified and put some markets under pressure ahead of the Chinese New Year break (January 24-30).

TURKEY COATED FLAT STEEL: Prices narrow on improving demand

Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), narrowed in response to improving demand in the week to Friday January 17, sources told Fastmarkets.

TURKEY FLAT STEEL: Weak raw materials prices pressure domestic, export HRC assessments lower

Some flat steel prices fell in Turkey during the week ending Friday January 17, following weakening scrap prices.

Germany’s Salzgitter expands European plate trading network in the Netherlands

Salzgitter Mannesmann Staalhandel, the trading part of Germany’s Salzgitter group, has acquired heavy plate specialist trading company Statendam Steel Plates, Salzgitter said on January 16.

CHINA HRC: Traders getting more business from overseas buyers

Traders reported a spike in interest for China-origin hot-rolled coil in the export market on Friday January 17 amid limited offers from mills ahead of the Chinese New Year break next week.

Flat Steel Products Trade Log, January 17, 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.

US HRC slips on cloudy demand, scrap export dip

US hot-rolled coil prices have slipped on fears that domestic mills’ recent attempts to lift tags might fail as a result of lower scrap prices, increased slab supplies and weaker demand.