December 2023

Steel heavy plate producers in Italy eye post-holiday rises on increased costs

Trading was quiet in European heavy plate market during the week to Wednesday December 20 due to the seasonal slowdown, but rerollers in Italy were planning post-holiday price hikes due to surging costs of production, sources told Fastmarkets.

Chinese HRC prices rise following iron ore futures rally

Chinese hot-rolled coil prices continued to rise on Wednesday December 20, in the wake of a rally in futures prices for the key steelmaking raw material iron ore, sources told Fastmarkets.

Brazilian flat steel industry could increase prices by up to 6% in Q1 2024: Inda

The prospect of any price drop in the Brazilian flat steel market has practically disappeared, and it is possible that mills could increase their prices by 5-6% in the first quarter of 2024, national flat steel distribution association Inda said on Tuesday December 19.

Most flat steel import prices to UAE, Saudi Arabia increase; India still absent from market

Prices for flat steel imported into the United Arab Emirates (UAE) and Saudi Arabia increased during the week ended Tuesday, December 19, while India was not offering imports due to strong domestic demand, sources told Fastmarkets.

European HRC market slows ahead of holidays, prices largely flat

Prices for European hot-rolled coil remained largely flat on Tuesday December 19 amid slowing activity, sources told Fastmarkets.

China’s steel plate export prices largely stable amid increased raw materials costs, limited demand

Chinese steel plate prices remained largely stable in the week to Tuesday December 19, supported by the relatively high steel prices in China’s domestic market arising from increased raw material costs, but capped by limited overseas demand, sources told Fastmarkets.

Chinese CRC, HDG export prices fall following futures price retreat

Export prices for Chinese cold-rolled coil and hot-dipped galvanized steel coil moved lower in the week to Tuesday December 19, in the wake of a pullback in steel futures prices.

Chinese HRC prices edge up after SHFE stems decline

Spot prices for Chinese hot-rolled coil inched higher in the domestic market on Tuesday December 19, after futures prices for the flat steel product stemmed their decline.

Aço Brasil still concerned about Chinese steel imports despite drop in November volumes

Brazilian steel association Instituto Aço Brasil restated its concerns about the growing share of Chinese steel exported to the country, though the total volume of imports fell in November, according to data from the industry group on Friday December 15.

Positive market sentiment boosts Russian export slab prices further but HRC stalls

Export steel slab prices from Russia continued to strengthen in mid-December, supported by positive market sentiment.