October 2021

US plate tags flat; mill hikes still settling

Carbon steel plate prices in the United States were stable on Friday October 29 but are expected to rise soon, with market participants saying recent mill price hikes will likely be accepted but have not quite hit spot prices.

US HRC index ends week above $95/cwt

Hot-rolled coil prices in the United States dipped for the third time in five days but still managed to end the week slightly above $95 per hundredweight ($1,900 per short ton), with sources questioning whether a “market correction” is at hand.

South American flat steel import prices lower; market quiet

Reduced market liquidity between monthly negotiations and lower offers from China pressured imported flat-rolled steel prices lower in South America during the week ended Friday October 29.

US CRC, galv prices flat; buyers await drop

Prices for cold-rolled and galvanized steel sheet in the United States were flat on Thursday October 28, with many market participants relying on existing inventory or foreign steel purchases while they wait for mill prices to drop.

Usiminas sees Brazil flat steel prices stable after recent discounts

Prices in the Brazilian flat steel market were expected to stabilize following recent discounts made to distributors, according to steelmaker Usiminas.

EU recovery in steel demand to stay vulnerable until Q1 2022, Eurofer says

Apparent steel consumption in the European Union continued to grow in the first half of 2021, but demand has probably reached its peak and the recovery is now slowing, the European steel association Eurofer said this week.

EUROPE HRC: Prices stable but sentiment bullish

The European market for hot-rolled coil remained calm on Friday October 29 with both producers and buyers holding back from trading, sources told Fastmarkets.

AT A GLANCE: Usiminas Q3 Ebitda up on higher sales despite greater expenses

A summary of production figures and financial results from Brazilian steelmaker Usiminas for the third quarter of 2021, as shown in its earnings report published on Friday October 29.

ASIA HRC: China returns to spot market amid large buy-sell gap

China has returned to the Asian spot market for hot-rolled coil, offering cargoes to Vietnamese buyers amid a large buy-sell gap.

CHINA HRC: Early gains in futures market prop up prices in eastern region

Hot-rolled coil prices in eastern China increased on Friday October 29 on early gains in the futures market and a pick-up in spot buying activity.