April 2021

RUSSIA FLAT STEEL: Mills eye rising export market in setting higher domestic prices

The flat steel market in Russia’s Central Federal District around Moscow moved up on new bullish offers for May deliveries, backed by a skyrocketing export market and good buying activity, sources told Fastmarkets on Monday April 19.

Italy crude steel output jumps by 70% in March

Crude steel production in Italy increased substantially year-on-year in March 2021, with higher output in both the long and flat steel sectors contributing to the rise, Italian steel association Federacciai said on Friday April 16.

CHINA HRC: Prices weaken amid slower buying

China’s hot-rolled coil prices weakened slightly on Monday April 19 amid slower trading activity.

IN CASE YOU MISSED IT: 5 key stories from April 16

Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another look

South American flat steel import prices rise amid Chinese supply concerns

Prices of flat-rolled steel imported into South America climbed further during the week ended Friday April 16 as mills from China, Japan and Brazil raised their offers and buyers were eager to close deals due to uncertainties about Chinese supply going forward, market participants said.

US hot-rolled coil index holds near record high

Hot-rolled coil prices in the United States remain near an all-time high, with mills rapidly boosting what they charge customers in tight market conditions.

FOCUS: Brazil steel imports increase amid supply-demand imbalance

Brazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according to data from the economy ministry.

US cold-rolled, galvanized steel sheet prices jump to new records

Prices for cold-rolled and galvanized steel sheet in the United States climbed after market participants reported that mills, enjoying lengthy backlogs, increased their offers during the week to Friday April 16.

EUROPE HRC: Domestic prices rise further on tight supplies, strong demand

Domestic prices for hot-rolled coil continued to rise in Europe on Friday April 16 due to a shortage of material amid continuing strong demand, sources told Fastmrkets.

TURKEY COATED FLAT STEEL: Sharp price rises stop, demand remains strong

Hot-dipped galvanized (HDG) and pre-painted galvanized iron, or color coated coil, prices in Turkey nudged up in the week to Friday April 16, with demand still strong in both the domestic and export markets, sources told Fastmarkets.