September 2017

Italy price strength drives erosion of Northern Europe HRC premium

Strong price growth in Italy this month has almost removed the domestic price premium traditionally enjoyed by hot rolled coil (HRC) produced in Northern Europe over its Southern European equivalent.

Iranian flat steel importers seek lower prices as domestic market weakens further

Buying activity in the Iranian flat steel import market was limited last week, with customers looking for lower prices amid weaker domestic demand and the downward sentiment afflicting the global steel market.

EUROPE PLATE: Domestic prices stable despite bearish mood of mills

Domestic prices for heavy steel plate in Europe have been largely unchanged over the week despite mill attempts to push up prices, sources told Metal Bulletin.

EUROPE HDG: Domestic prices stable on lack of competitive imports

Domestic prices for hot dipped galvanized coil (HDG) in the European Union have been have been supported by the reduced availability of lower-priced imports, sources told Metal Bulletin this week.

China’s HRC prices flat on inventory drop, weak futures

China’s hot rolled coil prices held steady on Thursday September 28, with the effects of weakening futures being offset by the release of data indicating a drop in inventory levels.

EUROPE HRC: Domestic prices to remain stable despite global market decline

European domestic hot rolled coil (HRC) prices are expected to remain largely unchanged in the short term, despite declining global prices and falling raw materials costs, sources told Metal Bulletin.

EUROPE CRC: Domestic prices stable on lack of import competition

Prices for domestically produced cold rolled coil (CRC) in Europe have been unchanged over the past week, supported by a lack of competitive import offers, sources have told Metal Bulletin.

Saudi Arabia HRC import prices fall on high stocks, low demand

Hot rolled coil (HRC) import prices into Saudi Arabia decreased this week, but demand was still not strong.

LATIN AMERICA FLAT STEEL WRAP: Further September price increases catch market participants by surprise

The announcement of additional increases in local flat steel prices in Brazil during September took market participants by surprise.

China’s HRC prices rise further on futures gains

China’s hot rolled coil prices rose for a second day on Wednesday September 27 on the back of surging futures.