December 2021

US hot-rolled coil index begins week below $80/cwt

Hot-rolled coil prices in the United States began the week still hovering below $80 per hundredweight ($1,600 per short ton) with a wide range of inputs and sources hotly debating the current strength of the market as 2022 approaches.

European HRC market slows further ahead of holiday season, prices mostly flat

European steel hot-rolled coil prices remained broadly unchanged at the start of the week in a slow pre-holiday market, sources told Fastmarkets on Monday December 20.

EU HRC prices continue to decline in week to December 17 on low demand

Domestic prices for hot-rolled coil in Northern Europe and Italy decreased further during the week to Friday December 17 due to lack of demand from spot buyers and reduced consumption from the automotive industry.

Chinese HRC prices hit 6-week high after lending rate cut

Spot and futures prices for hot-rolled coil in China rose to their highest in about six weeks on Monday December 20, with market sentiment boosted by the Chinese central bank lowering of a benchmark lending rate for the first time since April 2020.

Five key stories from December 17

Here are five Fastmarkets stories you might have missed on Friday December 17 that are worth another look.

US hot-rolled coil index tumbles below $80/cwt

Hot-rolled coil prices in the United States has dropped below $80 per hundredweight ($1,600 per short ton) for the first time since May, with some deals being reported in the mid-$70s per cwt.

US cold-rolled coil, galvanized sheet prices steady; price spread wide

Prices for cold-rolled and galvanized steel sheet in the United States were steady in the week to Thursday December 16 - even as hot-rolled coil prices plummeted - though price levels reported to Fastmarkets differed markedly among regions and participants across the supply chain.

US plate prices flat; HRC gap passes $10/cwt

Steel plate prices in the United States were flat on Friday December 17, with participants largely expecting the market to remain quiet and stable until at least after the traditional holiday slowdown.

South American flat steel import market steady; HRC under pressure from discounts

Flat-rolled steel import prices were mostly stable in South America in the week to Friday December 17 amid thin trading, but more aggressive discounts were providing headwinds for the hot-rolled coil market in particular.

EU car sales continue to fall in November on microchip shortage

European passenger car registration numbers dropped in November 2021 due to the effects of the continuing global semiconductor shortage, making it the fifth consecutive month to show such a decline, the European Automotive Manufacturers Association (ACEA) said on Friday December 17.