May 2021

IRON ORE DAILY: Seaborne prices hit new record highs

Seaborne iron ore prices surged again to new record highs on Monday May 10 following bullish steel prices over the weekend, sources told Fastmarkets.

CHINA HRC: Prices surge amid fears over inflation

China’s hot-rolled coil prices surged on Monday May 10 after HRC futures rose to its daily limit amid fears over inflation.

EUROPE HRC WRAP: Domestic prices continue to rise, ArcelorMittal increases offers further

Domestic prices for hot-rolled coil in the EU increased in the week to Friday May 7, with ArcelorMittal and some other mills further increasing their offer prices.

IN CASE YOU MISSED IT: 5 key stories from May 7

Here are five Fastmarkets stories you might have missed on Friday May 7 that are worth another look.

South America flat steel import prices rise as China returns from holiday

South American flat steel import prices rose during the week to Friday May 7 as Chinese mills were only beginning to return from the country's 5-day Labor holiday, and material from elsewhere was sold at higher levels.

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.