November 2023

Green steel premiums stable in Europe; lack of consumer awareness hinders demand

Green steel premiums for flat steel were stable in Europe, with demand mainly limited to end-users, Fastmarkets heard on Thursday November 30. Regulations from the European Commission could help spur demand, market sources said.

Trading slows in European HRC market; mills suggest new price rises

Trading slowed in the European hot-rolled coil market while buyers digested higher offers, but sentiment remained upbeat, Fastmarkets heard on Thursday November 30.

Steel heavy plate prices largely flat in Europe amid subdued trading

Trading has been slow in the steel heavy plate market in Europe, but mills remain bullish due to higher production costs, Fastmarkets heard on Wednesday November 29.

China’s domestic HRC prices rise amid mixed sentiment

China's domestic hot-rolled coil prices increased on Thursday November 30 in response to positive industry data, but sentiment among all market participants was not universally positive, sources told Fastmarkets.

Prices stable in European steel HRC markets; but mills look for late-year rises

Prices in the European markets for steel hot-rolled coil remained stable at high levels on Wednesday November 29.

China’s domestic HRC prices dip amid destocking efforts

China's domestic sellers decreased hot-rolled coil prices slightly on Wednesday November 29 to generate higher sales volumes, sources told Fastmarkets.

Flat steel import volumes to UAE, Saudi Arabia expected to rise to rebuild low stocks

The numbers of orders for flat steel imports into the United Arab Emirates and Saudi Arabia were expected to increase because of low stock levels in the two countries, industry sources told Fastmarkets on Tuesday November 28.

Russia’s export HRC prices up again on higher offers

Russian hot-rolled coil export prices increased again in the week to Monday November 27, primarily because of higher offers from steel exporters, sources told Fastmarkets.

Buyers cautious about new round of increases in European HRC market

European steel hot-rolled coil prices were largely flat at high levels on Tuesday November 28, with any further price rises for the first quarter of 2024 thought to be unlikely because of slow consumption, Fastmarkets has heard.

China likely to remain world's biggest steel exporter during ‘green transition,’Galex Steel md says: MEIS

China is likely to maintain its position as the world's biggest steel exporter, during the “global green transition,” despite most of ts steel output being produced in blast furnaces, Görkem Bolaca, managing director at international trading firm Galex Steel, told Fastmarkets.