May 2021

EUROPE PLATE: Domestic prices continue to rise as demand improves

Domestic prices for European heavy steel plate increased further in the week to Wednesday May 5, supported by stronger demand, sources have told Fastmarkets.

EUROPE CRC: Limited supply, strong demand drive domestic prices further upward

Domestic prices for cold-rolled coil in Europe increased again over the week to Wednesday May 5, due to a persistent combination of short supply and good demand, sources have told Fastmarkets.

CIS FLAT STEEL: Market up on strong demand

The market for flat-rolled steel product exports from the Commonwealth of Independent States (CIS) increased further on strong demand during the week to Wednesday May 5, sources said.

EUROPE HRC: Continued shortage, healthy demand support uptrend

Sentiment in the European hot-rolled coil market remains bullish due to strong demand and limited availability, sources told Fastmarkets on Wednesday May 5.

TURKEY FLAT STEEL WRAP: HRC, CRC prices increase by minimum $100 per tonne; further increases expected

Turkish prices for hot-rolled and cold-rolled coil increased by minimum of $100 per tonne in April, supported by very strong demand in local and export markets, with further price increases expected, sources told Fastmarkets on Wednesday May 5.

RESEARCH: Bullish run in global flat steel prices continues

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

AT A GLANCE: Gerdau Q1 Ebitda at record high on sales recovery, price uptrend

A summary of Brazilian steelmaker Gerdau’s financial results in the first quarter of 2021, as stated in its earnings report published on Wednesday May 5.

Liberty brings restructuring expert onto board to help refinance Greensill exposure

Liberty Steel Group is reshuffling its board to bring in four additional roles including a chief restructuring officer, the company said on Wednesday May 5.

US hot-rolled coil index slips again; market awaits July offers

Prices for hot-rolled coil in the United States remained below $75 per hundredweight ($1,500 per short ton) for a second consecutive day while buyers probed domestic mills for hints about July volumes and pricing.

EUROPE HRC: Domestic prices inch up further on material shortage, high demand

Domestic prices for hot-rolled coil in Europe inched up further on Tuesday May 4, with steelmakers remaining in full control of pricing, sources have told Fastmarkets.