December 2020

US hot-rolled coil closes 2020 at $51.50/hundredweight

Hot-rolled coil prices in the United States reached the highest level seen all year – and in more than 12 years – on the final day of 2020.

Indian mills to increase domestic HRC prices by at least $41/t in Jan

Indian mills are aiming to increase domestic hot rolled coil (HRC) prices by at least 3,000 rupees ($41) per tonne over the month of January, Fastmarkets heard on December 31.

TURKEY COATED FLAT STEEL: Weak buying stalls price action

Steel coated coil prices were unchanged in Turkey’s local market over the week due to low demand during the last week of the year, sources told Fastmarkets on December 31.

CHINA HRC: Prices stabilize on government’s pledge to cut steel output

China’s hot-rolled coil prices stabilized on Thursday December 31, benefitting from improved market sentiment after the government pledged to cut steel output in the coming year.

IN CASE YOU MISSED IT: 5 key stories from December 30

Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.

Polish plate mill Huta Czestochowa gets new leaseholder [UPDATED]

Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.

Polish plate mill Huta Czestochowa gets new leaseholder

Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.

CHINA HRC: Prices down despite government’s call for output cut

China’s hot-rolled coil (HRC) prices continued to fall on Wednesday December 30 despite the Minister of Industry and Information Technology saying the country would further cut its crude steel output the day prior, Fastmarkets heard.

Asian steel mills withhold offers for CRC, HDG amid year-end holidays

Steel mills in China, South Korea and Vietnam have withheld offers for cold-rolled coil and hot-dipped galvanized coil in the past week amid the year-end holidays.

China’s plate export prices pull back after hitting 9-year high

China’s plate export prices have retreated after reaching highs not seen since October 2011 a week ago, dragged lower by weakness in domestic futures.