November 2021

South American flat steel import market at standstill; offers reduce

South American flat-rolled steel import prices either declined or were stable in the week ended Friday November 26 amid a quiet regional market.

Flat steel prices decrease in Turkey on economic uncertainty

Flat steel prices decreased in Turkey during the week to Friday November 26, pressured lower by weakening demand stemming from economic uncertainty, sources told Fastmarkets.

Turkish coated coil prices down due to economic uncertainty

Prices for coated coil decreased in Turkey during the week ended Friday November 26 due to uncertainty in the country’s economy and weak demand in export markets, sources told Fastmarkets.

European mills continue to give discounts for Q4 rolling HRC

Domestic prices of hot-rolled coil in Northern Europe and Italy slipped further on Friday November 26.

Indian mills unlikely to cut domestic HRC prices in December

Indian mills are unlikely to cut domestic hot-rolled coil (HRC) prices in December even though local traders have been offering discounts on HRC compared with prices offered by mills.

Brazil's Usiminas readies No2 BF at Ipatinga for April 2022 restart

Brazilian steelmaker Usiminas is preparing the No2 blast furnace (BF) at its Ipatinga mill, idled in September, to resume production at the beginning of April 2022, chief financial officer Alberto Ono said on Friday November 26.

Chinese HRC prices dip after 2 days of gains

Spot prices for hot-rolled coil in China dipped on Friday November 26 after two consecutive days of gains, with upward momentum limited by lingering demand concerns and a pull-back in raw materials futures prices.

Vietnam HRC demand thins amid volatile Chinese market, low HDG exports

Volatile spot prices for hot-rolled coil in China have caused confusion in the Vietnamese market, leaving buyers undecided about whether to purchase import cargoes.

China’s billet imports drop in October on domestic price decreases

China’s billet imports fell in October on both a month-on-month and year-on-year basis, according to the latest Chinese customs data released earlier this week.

Five key stories from November 25

Here are five Fastmarkets stories you might have missed on Thursday November 25 that are worth another look.