May 2021

TURKEY COATED FLAT STEEL: All prices increase on strong demand

Coated coil prices in Turkey increased during the week to Friday May 7 on strong demand, sources told Fastmarkets.

Indian mills raise domestic HRC price by $61-95 per tonne in May

Indian mills have increased domestic prices for steel hot-rolled coil by 4,500-7,000 rupees ($61-95) per tonne for sales this month, Fastmarkets heard on Friday May 7.

GCC to set definitive safeguard tariffs on steel products imports

The Gulf Cooperation Council (GCC) plans to set definitive safeguard duties for a number of steel products for a period of three years, it is said in a document issued by the Bureau of Technical Secretariat for Anti Injurious Practices in International Trade (GCC-TSAIP) seen by Fastmarkets on Friday May 7.

TURKEY FLAT STEEL: Price rally continues; producers uncertain on October rolling prices amid high production costs

Flat steel prices increased further in Turkey during the week to Friday May 7, with mills almost fully booked until the end of September, sources told Fastmarkets.

EUROPE HRC: Domestic prices up; ArcelorMittal increases offers further

Domestic prices for hot-rolled coil increased across Europe on Friday May 7, and ArcelorMittal raised its offers even further, sources told Fastmarkets.

CHINA HRC: Export prices rise on bullish outlook

China’s hot-rolled coil prices increased in both domestic and export markets on Friday May 7 on participants’ expectations of good demand for the remainder of this month.

NEWSBREAK: ArcelorMittal Europe raises HRC prices by $36/t

ArcelorMittal has again increased its official offer prices for hot-rolled coil in Europe by €30 ($36) per tonne, sources told Fastmarkets on Friday May 7.

UAE’s Al Ghurair increases HDG prices

Al Ghurair Iron and Steel, an Abu Dhabi-based flat steel cold-roller and coater, has increased its hot-dipped galvanized coil price by $200 per tonne with effect from Thursday May 6, a company executive told Fastmarkets.

ASIA HRC: Prices exceed $1,000/t for India-origin cargoes

Import prices for steel hot-rolled coil in Vietnam continued to rise this week due to strong demand from end users to procure substrate in fear of more price increases, market participants told Fastmarkets.

US HRC index above $74/cwt for 5th day in row

Hot-rolled coil prices in the United States have now stood above $74 per hundredweight ($1,480 per short ton) for five consecutive business days, with tight supplies and strong demand projected to extend the rally, market participants said.