December 2021

Turkish coated coil prices decrease on low market activity

Coated coil prices in Turkey decreased slightly during the week ended Friday December 31 due to weak market activity, sources said.

Turkish flat steel market slow at year-end

The Turkish flat steel market was slow during the last week of the year because most global markets were on holiday, sources told Fastmarkets on Friday December 31.

Eastern China's HRC prices widen upward amid year-end lull

Spot prices for hot-rolled coil in eastern China widened upward on Friday December 31 on thin trading ahead of the new year holiday.

Russian steel HR and CR sheet January prices up slightly, likely to stay flat on limited supply

Despite the seasonal slowdown, Russian mills slightly increased January hot-rolled and cold-rolled sheet prices during the nine days to Wednesday December 29, on the expectation that supply and demand would remain balanced on limited availability due to planned maintenance at major producers in early 2022.

Metinvest signs MoU with SMS Group aimed at reducing carbon footprint

Metinvest, one of Ukraine’s largest steelmakers, signed a memorandum of understanding (MoU) with iron and steelmaking technologies provider SMS Group and its subsidiary Paul Wurth earlier this month, aiming to reduce carbon emissions, Fastmarkets learned on Thursday December 30.

CIS export flat steel prices down on low activity and demand

Prices in the export flat steel market from the Commonwealth of Independent States fell in the week ended Wednesday December 29 on low activity in the holiday season and weak Turkish demand.

Chinese HRC prices rise, but trading still thin

Spot prices for hot-rolled coil in China strengthen on Thursday December 30, though trading activity remained thin amid poor demand.

Five key stories from December 29

Here are five Fastmarkets stories you might have missed on Wednesday December 29 that are worth another look.

Russian agency suspects MMK, NLMK and Severstal violated antimonopoly laws

Russia's Federal Antimonopoly Service (FAS) preliminary concluded that starting in January 2021, Severstal, Magnitogorsk Iron & Steel Works (MMK) and Novolipetsk Steel (NLMK) established and maintained monopolistic high prices for hot-rolled flat products on the domestic market, it said on Wednesday December 29.

Brazilian steel use down 3% in November - Aço Brasil

Brazilian apparent steel use was 1.99 million tonnes in November, falling by 3.17% from 2.05 million tonnes in the same month last year, according to recent data published by steelmaker association Instituto Aço Brasil.