August 2021

EUROPE HDG: Domestic prices stable in north; down in south

Domestic prices for hot-dipped galvanized coil were fairly stable in Northern Europe in the week to Wednesday August 5 despite falling import offers, sources have told Fastmarkets.

EUROPE HRC: Prices largely stable amid lack of trading activity

The domestic markets for hot-rolled coil across Europe were seasonally quiet on Thursday August 5, with prices holding stable, Fastmarkets heard.

US hot-rolled coil import prices fall; cold-rolled, galvanized rise

US hot-rolled coil import prices dropped in Fastmarkets’ latest assessment, while prices for imported cold-rolled coil and galvanized sheet simultaneously climbed to record highs.

EUROPE PLATE: Market’s mood sours due to cheaper slab, lower offers from Poland

Sentiment in Northern and Southern Europe's heavy plate market was negative in the week ended Wednesday August 4 due to lower slab costs and competitive offers from Central Europe, sources told Fastmarkets.

CHINA HRC: Concerns over demand resurface in market

China’s domestic hot-rolled coil prices were largely unchanged on Thursday August 5, with market participants weighing poor demand against shrinking production following the release of a raft of industry data.

IN CASE YOU MISSED IT: 5 key stories from August 4

Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.

Ternium sees no risk of oversupply in North America from new steelmaking capacity

Latin American steel group Ternium expects prices to remain steady in North America, despite the increase in capacity coming into the market.

Gerdau to add HRC, beams capacity in Brazil, CEO says

Brazil-based steelmaker Gerdau is investing in new flat-rolled and long steel rolling capacity at its Ouro Branco integrated mill in the country’s southeastern state of Minas Gerais, chief executive officer Gustavo Werneck told journalists in a conference call on Wednesday August 4.

EUROPE HRC: Buyers hold back from trading as sentiment dips

European buyers of hot-rolled coil have been in “wait-and-see” mode so domestic prices were fairly stable on Wednesday August 4, sources have told Fastmarkets.

Russia’s NLMK to increase HDG output in H2 2022

Novolipetsk Steel (NLMK), Russia’s largest steelmaker, will increase output of hot-dip galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.