May 2023

Chinese HRC prices unchanged amid sluggish trading

Chinese hot-rolled coil prices were barely changed across the domestic and export markets on Monday May 29, with the absence of any bullish news failing to provide upward momentum to the market.

South American coil import prices down on fresh offers, reduced raw materials costs

Flat steel import prices in South American countries continued to decrease in the week ended on Friday May 26, leading market participants to enter a wait-and-see mode.

Brazilian slab export prices decrease amid flat steel, raw materials slowdown

Steel slab export prices from Brazil fell in the week ended on Friday May 26, due to sluggish flat steel markets and raw materials prices.

Turkish coated coil prices decrease further, uncertainty continues

The prices for coated coil in Turkey continued to fall slightly during the week ended Friday May 26, and uncertainty about price direction continued ahead of the presidential elections on May 28, sources told Fastmarkets.

Steel HRC import prices to India down by $20 but buyers reject offers

The import price of steel hot-rolled coil into India fell by $20 per tonne in the week ended Friday May 26. But Fastmarkets heard that importers have rejected offers, mainly of China-origin material, because they expected import prices to fall further in the coming days.

Brazilian flat steel prices likely to face import pressure in Q3, Inda says

Brazilian flat steel prices may come under downward pressure in the next quarter, because the country’s domestic market was bracing for a rise in supplies and imports, according to national flat steel distributors’ association Inda.

Prices for flat steel continue to fall in Turkey’s ‘unpredictable’ market

Prices for flat steel continued to decrease in the Turkish market during the week to Friday May 26, with market participants describing the market as unpredictable.

Gloomy sentiment prevails in European HRC market

Buying activity in the European steel hot-rolled coil markets was expected to revive in June, with prices likely to dip further, sources told Fastmarkets on Friday May 26.

Asia HRC prices dip on poor demand

Asian hot-rolled coil price dipped in the week to Friday May 26, mainly due to persistently weak demand in major import destination Vietnam, sources told Fastmarkets.

Chinese HRC prices rise after falling for six days

Chinese hot-rolled coil prices across the domestic and export markets rose on Friday May 26, following a rally in futures prices for the flat steel product.