May 2021

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.

Turkey’s Habas engages SMS Group to upgrade HRC mill

Turkish flat and long steel producer Habas has placed an order to upgrade its compact mill to a high-performance hot strip mill, equipment supplier SMS Group said on Wednesday May 5.

EUROPE HRC: Prices climb again, market awaits higher offers

Domestic prices for hot-rolled coils in Europe continued to tick up, pushed by solid demand as well as the ongoing material shortage, with market participants expecting to see higher offers from mills again soon, Fastmarkets heard on Thursday May 6.

Liberty Steel UK agrees $278 mln refinancing package with lender White Oak

Liberty Steel UK has agreed to a refinancing package with private lender White Oak Global Advisors, a source with knowledge of the matter said on Thursday May 6.

EU apparent steel consumption will rise 12% in 2021, Eurofer says

European steel association Eurofer believes that apparent steel consumption in the EU will increase by 11.7% year-on-year in 2021, it said on Thursday May 6.

Brazil FY steel consumption to grow 6-8% - ArcelorMittal

ArcelorMittal foresees apparent steel consumption continuing to rise in Brazil during 2021, supported by higher activity in the construction sector and amid the recovery of some end-user markets, it said