March 2019

UAE’s Al Ghurair Iron & Steel increases HDG price on rising input costs

Abu Dhabi, United Arab Emirates-based flat steel re-roller and galvanizer Al Ghurair Iron & Steel increased its hot-dipped galvanized coil prices by $20 per tonne with immediate effect on Monday, March 25.

Vietnam HRC import price dips on low demand

The import price for re-rolling-grade hot-rolled coil (HRC) sold into Vietnam dropped in the past week amid weakening demand.

CHINA HRC: Sparse trading keeps prices steady

China’s hot-rolled coil prices were largely steady on Monday March 25 amid sparse trading due to stagnant demand in both the domestic and export markets.

Flat Steel Products Trade Log, March 25, 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.

Ukraine’s Metinvest to cut pig iron sales in favor of higher slab, HRC exports, CEO says

Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview.

US cold-rolled, coated steel prices steady

Prices for cold-rolled coil and coated steel have held steady week on week in the United States, according to Fastmarkets AMM's most recent assessment.

Brazilian steel use up in February but still down year on year, Aço Brasil says

Brazilian apparent steel consumption recovered in February 2019, but figures were still down year-on-year in the first two months of the year, national steel association Instituto Aço Brasil said on Thursday March 21.

Indian mills hold domestic HRC price steady despite import pressure

Indian mills were keeping domestic HRC prices high in the week ended Friday March 22, even though cheaper imported coil products have beaten down spot prices for the commodity, Fastmarkets has heard.

TURKEY COATED FLAT STEEL: Prices fall, demand limited ahead of elections

Prices for coated steel products in Turkey fell again in the seven days to Friday March 22, with demand weak in both the domestic and export markets.

TURKEY FLAT STEEL: Some prices fall again as demand remains weak

Some steel coil prices in Turkey decreased again in the week ended Friday March 22, with buying activity remaining subdued.