February 2021

US cold-rolled coil, galvanized sheet prices up; HDG crisis may loom

Prices for cold-rolled coil and galvanized steel sheet in the United States have again jumped to all-time highs after producers told customers that they may not be able to sell any spot tons in the first half of the year.

US hot-rolled coil prices dip but stay above $61/cwt

Hot-rolled coil prices in the United States remained above $61 per hundredweight, with market participants scrambling to find spot material, according to market participants.

South America steel import prices climb on higher offers, freight spike

Import prices for flat-rolled steel in South America soared in the week to Friday February 26, boosted by a swift increase in bulk freight rates and higher offers from Chinese mills, returning to the market after the Lunar New Year holiday.

Gerdau takes maintenance stoppage at Ouro Branco steel unit

Brazilian flat and long steel producer Gerdau was carrying out a maintenance stoppage late this month at its integrated steel unit in Ouro Branco city, in the country’s southeastern Minas Gerais state.

Indian HRC export price narrows on exports to Middle East

The price range for Indian hot-rolled coil exports narrowed slightly in the week ended Friday February 26 with HRC prices in Asian markets moving upward.

EUROPE HRC: Domestic prices inch up; mills seek price rise for coil products

Domestic prices for steel hot-rolled coil in Northern Europe increased day on day on Friday February 26, with European steelmakers increasing their offers for coil products amid good demand and short supply, sources said.

TURKEY COATED FLAT STEEL: Demand improves in export markets; prices keep increasing

Producers of hot-dipped galvanized (HDG) and color-coated coil in Turkey raised their prices during the week to Friday February 26, amid strong demand for HDG in export markets, sources told Fastmarkets.

EC considers possible extension of safeguard measures against steel imports

The European Commission has started an investigation on the possible extension of existing safeguard measures into 26 steel product categories imported into the European Union, the EC said on Friday February 26.

TURKEY FLAT STEEL: Prices up sharply, H1 2021 mostly booked

Flat steel prices increased sharply during the week to Friday February 26 in Turkey, while most producers have filled their order books until late June, sources told Fastmarkets.

World crude steel output up 5% in January 2021

Global crude steel output increased by 4.8% year on year to 162.9 million tonnes in January 2021, the World Steel Association (Worldsteel) said on February 26, marking the third monthly consecutive increase.