July 2021

South American coil import prices up despite market slowdown

Import prices for flat steel in South American markets edged up for most grades due to higher offers from Chinese producers, while some participants reported a slowdown in the market.

US hot-rolled coil index falls below $91/cwt, downside limited

Hot-rolled coil prices in the United States fell below $91 per hundredweight ($1,820 per short ton) on Friday July 23 after three consecutive business days above that threshold.

German steel production keeps rising in June - WV Stahl

Crude steel production in Germany continued to rise in June, recording a fourth consecutive month of recovery, German steel federation WV Stahl said on Thursday July 23.

EUROPE HRC: Prices flatten in slow market

Trading activity in the hot-rolled coil markets across Europe was still limited on Friday July 23, with prices broadly stable despite gaining strength from short supply, Fastmarkets has heard.

CHINA HRC: Domestic prices rise on emerging production cap

Domestic prices for hot-rolled coil in China cruised higher on Friday July 23 after the country’s third-largest steelmaking province announced a ceiling for its crude steel output for 2021.

ASIA HRC: Domestic offers cut appetite for imports

Spot demand for imported hot-rolled coil in Vietnam dipped in the week to Friday July 23 after major domestic producers in the Southeast Asian country issued new offers.

Major Japanese mill to raise October plate export offers to Southeast Asia

A major Japanese steel producer will raise its offer for October-shipment steel heavy plate to around $1,200 per tonne cfr Southeast Asia amid positive expectations, a source close to the producer told Fastmarkets on Thursday July 22.

Chinese steel market to remain positive into 2022, prices to remain elevated, CMISI says

The China Metallurgical Information & Standardization Institute (CMISI) has a positive outlook for the country’s steel market amid strong demand from a transformation of domestic steelmaking facilities and production curbs.

Strong downstream demand, bullish outlook to support Asian CRC, HDG prices: Japanese mill source

Strong demand from the downstream automotive and electrical appliance sectors will support Asian cold-rolled coil and hot-dipped galvanized coil prices in the near term, a source at a major Japanese steelmaker told Fastmarkets.

Brazilian steel consumption to grow 24% in 2021 - Aço Brasil

The Brazilian steel institute Aço Brasil increased its forecast for apparent steel consumption in 2021, predicting a growth of 24.10% from the previous year.