April 2021

CHINA HRC: Prices weaken amid slower buying

China’s hot-rolled coil prices weakened slightly on Monday April 19 amid slower trading activity.

CHINA REBAR: Recovering demand halts price decline

The decline in China’s domestic rebar prices came to a halt on Monday April 19 amid a recovery in demand from end users in the construction sector, but losses in the futures market resulted in generally weak restocking demand.

Seaborne iron ore concentrate, pellet prices supported by rising demand

Seaborne iron ore pellet and concentrate prices increased in the week to Friday April 16, amid growing demand driven by the ongoing emissions restrictions in the Chinese steelmaking hub of Tangshan, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from April 16

Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another look

US Scrap/DRI: New US EAF projects to add to sourcing challenges for prime scrap, substitutes

Supply of prime ferrous scrap grades and acceptable substitutes is expected to come under pressure due to additional electric-arc furnace (EAF)-based steelmaking capacity in the United States, according to Philip Gibbs, director of metals equity research for KeyBanc Capital Markets.

South American flat steel import prices rise amid Chinese supply concerns

Prices of flat-rolled steel imported into South America climbed further during the week ended Friday April 16 as mills from China, Japan and Brazil raised their offers and buyers were eager to close deals due to uncertainties about Chinese supply going forward, market participants said.

Brazilian slab export prices up on new offers, strong US flat steel market

Slab export prices from Brazil increased in the week ended Friday April 16 due to new offers and a steady flat steel market in the United States.

US hot-rolled coil index holds near record high

Hot-rolled coil prices in the United States remain near an all-time high, with mills rapidly boosting what they charge customers in tight market conditions.

FOCUS: Brazil steel imports increase amid supply-demand imbalance

Brazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according to data from the economy ministry.

Brazilian pig iron export price up on further sales

Pig iron export prices from Brazil rose again during the week to Friday April 16 following further sales.