January 2021

US hot-rolled coil index edges lower; tightness continues

Hot-rolled coil prices in the United States again edged lower, even as buyers have continued to struggle to find spot tonnage at the domestic mills.

US cold-rolled, galvanized sheet prices up again; spot well runs dry

Prices for cold-rolled and galvanized steel sheet in the United States climbed again - extending their historic highs - after buyers reported further challenges in competing for what little spot tonnage is offered by mills.

South American steel import prices dip as mills accept lower bids

Import prices for flat-rolled steel in South America softened in the week ended Friday January 22 with some Chinese mills accepting lower bids from clients.

EUROPE HRC: Domestic prices inch down further on slow demand

Domestic prices for hot-rolled coil in Northern Europe were down slightly on Friday January 22, due to slow trading activity, sources told Fastmarkets.

TURKEY COATED FLAT STEEL: HDG prices fall amid cautious buying

Hot-dipped galvanized (HDG) coil prices decreased in Turkey’s export and domestic markets in the week to Friday January 22, amid slow to moderate buying, sources told Fastmarkets.

TURKEY FLAT STEEL: Prices dip while buyers prefer to wait for clues on price direction

Turkish hot-rolled coil and cold-rolled coil prices dipped slightly in the week to Friday January 22 in Turkey, with buyers preferring to wait and see if the declines are the start of a downturn, sources told Fastmarkets.

German crude steel production grows 10.7% in December, WV Stahl says

Crude steel output in Germany increased by 10.7% year on year in December 2020, marking the third consecutive month of growth, German steel federation WV Stahl said on Friday January 22.

AT A GLANCE: NLMK Q4 sales down in domestic, export markets

A summary of the 2020 fourth-quarter (October-December) operational results for Russia’s largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States.

Steelmaker Salzgitter posts pre-results for 2020, projects recovery for 2021

German steelmaker Salzgitter will record a triple-digit loss for 2020 due to the effects of the Covid-19 pandemic, however, still expects a financial results recovery in 2021, the company said on Thursday January 21.

CHINA HRC: Rising Covid-19 cases hit buyer sentiment

China’s domestic hot-rolled coil prices fell on Friday January 22 due to increasing Covid-19 infections that are dampening market sentiment.