January 2021

South American flat steel import prices mostly down amid lower offers from smaller mills

South America's import prices for flat-rolled steel were mostly down during the week ended Friday January 29, with China-origin material offered at lower levels for April shipment.

Indian mills likely to raise domestic HRC prices for February sales

Indian mills are expected to raise their domestic hot rolled coil prices in February even though international prices of the commodity are expected to weaken, sources told Fastmarkets on Friday January 29.

EUROPE HRC: Mills bullish on tight supply but buyers question long-term sustainability of rally

More European mills have pushed offers up seeking hot-rolled coil transaction price rises due to limited availability of the material, sources told Fastmarkets on Friday January 29.

US CRC, galv prices up; more spot buys reported

Prices for cold-rolled and galvanized steel sheet in the United States extended record highs, with spot purchases gathering momentum while service centers scour the domestic market in an attempt to procure more feedstock for customers.

TURKEY COATED FLAT STEEL: Buyers hold back amid retreat in HRC prices

Hot-dipped galvanized (HDG) and color-coated coil prices fell slightly in Turkey’s domestic and export markets amid slow demand in the week to Friday January 29, sources told Fastmarkets.

TURKEY FLAT STEEL: Prices keep falling, buying weak

Hot-rolled coil and cold-rolled coil prices continued to decrease during the week to Friday January 29 in Turkey, while buying in the domestic market was weak because of uncertainty on price changes, sources told Fastmarkets.

AT A GLANCE: SSAB's Q4 performance improves on steel market recovery, full-year results down

A summary of the financial results for Swedish steelmaker SSAB for the fourth quarter and full year of 2020.

SSAB decides against Dutch Ijmuiden plant acquisition from Tata Steel

Swedish steelmakers SSAB no longer plans to acquire the Ijmuiden plant in the Netherlands off of Tata Steel, SSAB said on Friday January 29.

CHINA HRC: Exporters raise offers amid concerns over export rebate

China’s hot-rolled exporters raised their offers on Friday January 29 despite a declining domestic market amid to concerns over rebate cut for outbound shipments.

China’s Baowu Steel in talks with Shandong Steel on merger

China’s Baowu Steel Group, the world’s largest steelmaker, is in talks with Shandong Iron & Steel Group Co for a potential merger.