December 2021

China’s steel plate export prices drop amid thin trading

Export prices for Chinese heavy steel plate dropped in the week to Tuesday December 21 amid thin trading, according to market sources.

Turkey’s Çolakoglu to use artificial intelligence to reduce carbon emission and production cost

Smart Steel Technologies (SST) will apply SST Temperature artificial intelligence for precise temperature control at Çolakoglu Metallurgy in 2022, the company said in late November.

US hot-rolled coil recoups ground, back above $80/cwt

Prices for hot-rolled coil in the United States ticked back up above $80 per hundredweight ($1,600 per short ton) after spending two business days below that threshold, hitting their lowest since May.

Flat steel import prices to the UAE and Saudi Arabia decrease, new deals heard

Prices of flat steel imports to the United Arab Emirates and Saudi Arabia decreased during the week ending Tuesday December 21, while buyers in the United Arab Emirates placed some orders, sources told Fastmarkets.

Russian NLMK starts 8-month upgrade of HR steel cut-to-length line, redirects processing to other lines

Novolipetsk Steel (NLMK) has started an upgrade of its cut-to-length line for hot-rolled steel No2 (CTLL-2) with a capacity of 800,000 tonnes per year, the company said on Monday December 20.

Russian steel HR and CR sheet prices stable; slight increase expected for January shipments following heavy plate

Despite the slower winter season, demand for hot rolled (HR) sheet and heavy plate was moderate to good during the seven days to Monday December 20, sources told Fastmarkets.

European HRC market bearish for Q1 due to weak demand

The European hot-rolled coil market has entered the slow Christmas holiday season with a bearish outlook for the first quarter of 2022 due to limited demand, sources told Fastmarkets on Tuesday December 21.

CIS export HRC prices down on low demand, weak Turkish market

Prices in the export hot-rolled coil market from the Commonwealth of Independent States dropped in the week to Monday December 20, on low demand and a weak Turkish market.

Chinese CRC, HDG export prices edge up amid dissipating export tax concerns

Export prices for Chinese steel cold-rolled coil and hot-dipped galvanized coil edged higher over the week to Tuesday December 21, following gains in domestic prices and Shanghai futures prices.

Chinese HRC prices edge down despite tighter production curbs in northern cities

Spot prices for hot-rolled coil in China retreated from six-week highs on Tuesday December 21, despite major steelmaking hubs in northern China coming under tougher production restrictions to combat air pollution.