December 2023

Chinese HRC prices unchanged amid absence of direction

Spot prices for Chinese hot-rolled coil were unchanged on Tuesday December 26, with futures prices for the flat steel product remaining rangebound in the absence of a direction, sources said.

Tension in Red Sea to weigh on Chinese steel exports

Escalating tensions in the Red Sea are increasing the costs for steel exports from Mainland China, the leading exporting country, and deterring exporters from taking orders from affected destinations, market participants told Fastmarkets in the week to Friday December 22.

Chinese HRC prices unchanged amid choppy SHFE trading

Spot prices for Chinese hot-rolled coil were unchanged on Monday December 25, with futures prices for the flat steel product experiencing a choppy trading day.

China’s mid-Dec steel mill inventories pile up on seasonal demand drop

Despite a lack of change in crude steel output, finished steel inventories at Chinese mills continued to rise in mid-December amid seasonally slowing demand, market participants told Fastmarkets on Monday December 25.

South American HRC, Galvalume import prices up; CRC, HDG, plate stable

Import prices of hot-rolled coil and Galvalume for South America rose in the week to Friday November 22 despite the absence of solid fundamentals, while import prices for cold-rolled coil, hot-dipped galvanized and steel plate remained stable, sources told Fastmarkets.

Indian HRC import prices down but buyers stay away

Indian hot-rolled coil import prices fell during the week to Friday December 22, but importers have rejected the new price, according to sources.

Turkish coated coil market slow; prices stable

?Prices for coated coil in Turkey were steady during the week ended Friday December 22 due to weak market activity, sources told Fastmarkets.

Flat steel market in Turkey slow in final weeks of year

The flat steel market in Turkey was slow during the week to Friday December 22 with buyers holding back in the penultimate week of the year and waiting to see the direction of the market in January, sources told Fastmarkets.

European HRC market slows for holidays, prices stabilize

The European hot-rolled coil market was quiet ahead of Christmas break on Friday December 22, with sentiment cautiously optimistic for January, sources told Fastmarkets.

Asia HRC prices narrow downward amid muted trading ahead of year-end holidays

Prices of steel hot-rolled coil in Asia narrowed downward in the week to Friday December 22 due to sparse trading in the lead-up to the year-end holidays.