December 2023

Turkey books HRC from Russia to close year

Turkish buyers booked hot-rolled coil from Russia’s Novolipetsk Steel during the week ended Friday December 29 for March-April shipping, sources told Fastmarkets.

Turkish coated coil prices stable in slow market; buyers wait till January

The market for coated coil in Turkey was slow during the week to Friday December 29 with buyers preferring to wait and see the direction of prices in January, sources told Fastmarkets.

Indian mills cut domestic HRC prices to boost sales, reduce inventory.

Indian mills have reduced hot-rolled coil prices in a bid to boost sales and cut domestic inventory.

China's HRC export prices rise on stronger yuan

China's export prices of hot-rolled coil increased on Friday December 29 due to a strengthening of the yuan, while domestic prices were flat, sources told Fastmarkets.

Asia HRC muted amid of year-end holidays; prices edge higher

Prices of hot-rolled coil in Asia narrowed upward during the week to Friday December 29 in line with the higher buying idea level in the key import market of Vietnam.

China domestic HRC prices fall on umet expectations of boost to demand

China's domestic hot-rolled coil prices moved down on Thursday December 28 after seller expectations of higher demand for replenishment failed to materialize, sources told Fastmarkets.

Russian export slab, HRC market quiet ahead of holidays

Russia’s export slab and hot rolled coil market was largely quiet in the week to Wednesday December 27, ahead of the year-end holidays which are traditionally accompanied by low trading activity.

Some Chinese HRC sellers cut prices to improve cash flow

Some sellers of steel hot-rolled coil in China reduced their prices on Wednesday December 27 in the hope of securing higher sales volumes, but others kept their prices steady on support from low inventories, sources told Fastmarkets.

Chinese CRC, HDG export offers rise; trading muted due to holidays

Offers for Chinese cold-rolled coil and hot-dipped galvanized steel coil exports rose in the week to Tuesday December 26, but trading remained muted due to the holiday season.

China’s steel plate export prices up further on increased value of domestic steel

China steel plates prices edged up in the week to Tuesday December 26, following an increase in domestic steel prices, sources told Fastmarkets.