May 2021

CHINA HRC: Domestic prices extend rally

Hot-rolled coil prices in China’s domestic market cruised higher on Monday May 31, with the futures market extending its rally.

IN CASE YOU MISSED IT: 5 key stories from May 28

Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look.

South America steel import prices in widespread fall for first time in 4 months

Prices for flat-rolled steel imports into South America mostly decreased in the week to Friday May 28 due to a significant absence of Chinese material in the market, with negotiations starting to shift to August shipment, overall lower offers, and a cautious stance among customers.

EUROPE HRC: Market activity slows; buyers question Europe HRC prices, imports and price trend

Activity in the European hot-rolled coil market has been slow this week while buyers have preferred to hold back from new deals and proved reluctant to accept any further price increases.

TURKEY FLAT STEEL: Buyers, sellers look to global market amid uncertainty

Flat steel buyers and sellers in Turkey are questioning what will happen in global markets in the coming week, after the country's imported flat steel prices decreased in the week to Friday May 28 but local producers were firm on prices.

TURKEY COATED FLAT STEEL: Market mostly stable while uncertainty dominates

Turkey's hot-dipped and pre-painted (color-coated) galvanized coil market was mostly stable in the week to Friday May 28 because of uncertainty about flat steel prices globally, sources told Fastmarkets.

Liberty completes acquisition of plate mill in Poland

Liberty Steel Group has finalized the purchase of Polish plate producer Huta Czestochowa, a company spokesperson told Fastmarkets on Friday May 28.

CHINA HRC: Domestic price rallies for second day

Hot-rolled coil prices in China's domestic market rose again on Friday May 28, following a rally in the futures market.

ASIA HRC: Vietnamese market muted amid Covid-19 surge, potential Chinese export tax

The key Vietnamese import market for SAE1006 hot-rolled coil was muted this week amid a resurgence of Covid-19 infections in the country and uncertainties over whether China would impose an export tax on the flat steel product on June 1.

IN CASE YOU MISSED IT: 5 key stories from May 27

Here are five Fastmarkets stories you might have missed on Thursday May 27 that are worth another look.