January 2021

IN CASE YOU MISSED IT: 5 key stories from January 18

Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.

EU GREEN STEELMAKING: Tenaris to collaborate on green hydrogen project

Steel tube and pipe producer Tenaris has signed a letter of intent to work with energy operator Edison and gas transmission network company Snam on trials of steelmaking with ‘green’ hydrogen at the Dalmine mill in Italy, the companies announced recently.

EU GREEN STEELMAKING: Thyssenkrupp feasibility study calls for political framework; Dillinger nabs state subsidies

Thyssenkrupp believes that “green” hydrogen in steelmaking is not currently a viable option and called for clarification on the regulatory framework, while Dillinger France has received state acquired funds for decarbonization, the two companies announced recently.

EU flat steel distributor shipments rise 9% in November

European distributors of flat steel products have reported an 8.9% year-on-year rise in shipment volumes during November 2020, regional steel industry association Eurometal said on Monday January 18.

CIS STEEL SLAB: Market down on weaker finished flat steel prices

Export prices for steel slab from the Commonwealth of Independent States (CIS) decreased in the week to Monday January 18 because customers were not ready to accept the levels being asked by mills amid weakening prices for finished flat steel products.

EUROPE HRC WRAP: Domestic prices continue to rise on limited supply

Prices for domestic steel hot-rolled coil increased in Europe in the week ended Friday January 15, due to limited availability of the material.

EUROPE HRC: Domestic prices up further on tight supply

The domestic price for hot-rolled coil in Northern Europe inched up day on day on Monday January 18 due to the reduced availability of material, sources told Fastmarkets.

EU to review anti-dumping duties for HRC from Russia’s Severstal

The European Commission has started an investigation review of existing anti-dumping measures for hot-rolled coil produced by Russian steelmaker Severstal.

European ferro-silicon market to consolidate in near term, sources say

The European spot ferro-silicon price, which widened up to €1,300-1,200 per tonne on Friday January 15, should now be supported against any prompt demand from steelmakers that have agreed their first-quarter delivery settlements, sources said this week.

DAILY STEEL SCRAP: Sharp decrease in prices leave the market silent

The Turkish deep-sea scrap import market was quiet again on Monday January 18 following a sharp downturn in the prices, market sources said.