April 2021

US HRC index surges above $75/cwt for first time

Hot-rolled coil prices in the United States surged above $75 per hundredweight ($1,500 per short ton) for the first time ever exactly one year after tumbling below $22 per cwt in the wake of the Covid-19 pandemic-related demand crash.

US cold-rolled, galvanized sheet prices up again; mills own upper hand

Prices for cold-rolled and galvanized steel coil climbed to new records after market participants said there is hardly any spot material and the duration of the shortage likely will persist longer than buyers had feared.

Sale of Liberty Steel Ostrava carbon allowances angers trade unions

Trade unions at Liberty’s Ostrava plant in the Czech Republic were considering further industrial action and even legal proceedings after news emerged that the plant’s EU emissions allowances had been sold to another Liberty-owned steel mill in Romania, Fastmarkets heard on Friday April 30.

South America flat steel import prices rise, hit temporary ceiling

South American flat-rolled steel import prices were generally up in the week to Friday April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly factored in previously, market participants said.

AT A GLANCE: Erdemir Group Q1 earnings increase sharply on strong demand

A summary of the financial results for Turkey’s largest steelmaking group, Erdemir, for January-March 2021.

New Tatçelik cold-rolling mill in Turkey running at full capacity, installer says

The new five-stand tandem cold-rolling mill at Tatmetal Çelik in Turkey is now running at full capacity, Italian supplier Danieli said on Friday April 30.

UK to review EU anti-dumping duties on rebar, CRC

The UK Trade Remedies Investigations Directorate (TRID) is to review two existing European Union anti-dumping cases to determine if they are fit for purpose in a post-Brexit United Kingdom.

TURKEY COATED FLAT STEEL: Mixed price moves with HDG rising while PPGI falls

Turkey's coated coal market was mixed in the week to Friday April 30, with pre-painted galvanized iron (or color-coated coil), prices falling, while hot-dipped galvanized coil prices increased, sources told Fastmarkets.

EUROPE HRC: Domestic prices rise above Eur1,000 per tonne in north

Domestic prices for hot-rolled coil in Northern Europe have gone up to more than €1,000 ($1,212) per tonne ex-works because of the continuing material shortage and strong demand, sources told Fastmarkets.

Brazil's flat steel producers to increase May prices by 10-18%

Brazilian flat steel producers are poised to raise domestic prices by 10-18% in May, due to rising global steel and raw materials values, along with resilient local demand, market participants told Fastmarkets this week.