October 2023

Turkey decides to continue anti-dumping duty on Chinese heavy steel plate

Turkey’s Ministry of Trade has decided to continue to impose anti-dumping duty on imports of heavy steel plate from China, according to an announcement in the Turkish Official Gazette on Tuesday October 31.

Eurofer once again downgrades steel consumption outlook in Europe for 2023

European regional steel industry association Eurofer has once again lowered its outlook for apparent steel demand in the region for 2023, it announced on Monday October 30.

HRC prices in Europe trend higher on increased offers

European hot-rolled coil prices edged up on Tuesday October 31 on higher offers, but sources told Fastmarkets that buyers doubted the sustainability of the uptrend, especially given the acute lack of consumption.

China’s steel plate export prices rise on higher domestic steel prices

Chinese steel plates prices edged up slightly in the week to Tuesday October 31, spurred on by an uptrend in domestic steel prices, but overall trading activity declined, sources told Fastmarkets.

Chinese CRC, HDG export prices rise following SHFE rally

Export prices for Chinese cold-rolled coil and hot-dipped galvanized steel coil moved higher in the week to Tuesday October 31, in the wake of a sharp rally in steel futures prices.

Chinese HRC prices dip after hitting five-week highs

Chinese hot-rolled coil prices edged down on Tuesday October 31, after rising for three of the past four trading days, reaching their highest level in five weeks on Monday, sources said.

US Midwest HRC index breaks $800/t ceiling; lead times stretch

Hot-rolled coil prices in the US Midwest rose above $800 per short ton while mill price increases gained limited acceptance amid tightening spot supply.

Russian export slab, flat steel prices stable in quiet market

Prices for slab and flat steel products originating from Russia remained largely unchanged in the week to Monday October 30 amid limited activity.

Trading slow across European HRC market

Trading in the hot-rolled coil market in Europe remained minimal on Monday October 30, reflecting weak demand and bearish sentiment, Fastmarkets heard.

Turkish coated coil prices decrease on weak market activity

Prices of coated coil in Turkey decreased during the week to Friday October 27 amid very weak market activity, sources told Fastmarkets.