March 2021

IN CASE YOU MISSED IT: 5 key stories from March 31

Here are five Fastmarkets stories you might have missed on Wednesday March 31 that are worth another look.

Indian HRC offers to Europe to exceed $1,000 per tonne cfr

Indian steel mills were likely to offer hot-rolled coil for export to Europe in the week beginning April 5 at prices exceeding $1,000 per tonne cfr, Fastmarkets heard on Wednesday March 31.

EUROPE HRC: Domestic prices stable but set to rise in April

Domestic prices for hot-rolled coil in Northern Europe were stable day on day on Wednesday March 31, but they were expected to rise in the first half of April, sources have told Fastmarkets.

Turkey flat steel exports plunge 35% in February

Turkey exported 278,172 tonnes of flat steel products in February 2021, 34.37% less than the 423,881 tonnes exported in February 2020, the Turkish Statistical Institute (TÜIK) said on Wednesday March 31.

FOCUS: European HRC prices to continue rising after reaching new historical peak - sources

Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having in the upper hand in current market conditions that have shown no signs of easing.

Turkish flat steel imports down 8.16% in February

Turkey imported 578,007 tonnes of flat steel in February 2021, down by 8.16% from the 629,346 tonnes in the corresponding month of 2020, according to the Turkish Statistical Institute (TUIK).

India's JSW gets capacity, rating boost after BPSL acquisition

Indian steelmaker JSW has become the country's largest producer following its recent acquisition of Bhushan Power and & Steel Ltd (BPSL).

CHINA HRC: Manufacturing PMI rises to 51.9 in March

China’s domestic hot-rolled coil prices increased on Wednesday March 31, supported by firm demand and positive manufacturing data.

FASTMARKETS MB DAILY PDFs

Daily PDFs will be downloadable until Friday April 2. After that, because of the UK’s Easter holidays, the next daily PDF will be downloadable on Wednesday April 7.

Export rebate uncertainty keep China CRC, HDG exports thin

The continued uncertainty over steel export rebates in China continued to keep export market liquidity thin, market sources told Fastmarkets.