April 2023

South American flat steel import prices slide further before Chinese holiday

South American flat-rolled steel import prices were down again in the week to Friday April 28, in some cases hitting their lowest since early 2023, with China-based sellers eager to conclude June-Shipment orders offering at aggressively low levels ahead of the Labour Day holiday on May 1.

Turkish coated coil prices weaken further on limited demand

The prices for coated coil in Turkey decreased slightly during the week to Friday April 28 because of weak demand and uncertainty ahead of general elections in the country, sources told Fastmarkets.

Turkish flat steel prices decrease on uncertainty ahead of elections

Flat steel prices in Turkey decreased during the week to Friday April 28 amid uncertainty in the market ahead of the general elections, sources told Fastmarkets.

HRC prices flat to slightly weaker in Europe amid increasingly negative sentiment

The European market for steel hot-rolled coil remained silent on Friday April 28, with both sellers and buyers holding back, and sentiment for May turning increasingly negative, Fastmarkets has heard.

Turkish steel sector calls for state support for green steel transformation, Istanbul conference hears

The Turkish steel sector needs state-level support if it is to achieve a green steel transformation, according to the speakers at Eurometal Steel Day & Yisad Flat Steel Conference in Istanbul on Thursday, April 27.

Asian HRC prices dip ahead of China's Labor Day Holiday

Prices for SAE1006-grade hot-rolled coil in Asia plunged in the week to Friday April 28 amid subdued demand and market activity, sources told Fastmarkets.

Chinese HRC prices widen downward ahead of Labor Day holiday

China’s domestic hot-rolled coil prices widened downward on Friday April 28, after futures prices for the flat steel product weakened again ahead of the Labor Day holiday.

Emirates Steel Arkan considers buying stake in Thyssenkrupp steel division

The biggest steel producer and building materials supplier in the United Arab Emirates, Emirates Steel Arkan, is considering buying a stake in Thyssenkrupp steel division, Arab Iron and Steel Union (AISU) said on Wednesday April 26.

European HRC market participants await new offers, expectations bearish

European hot-rolled coil prices were largely unchanged on Thursday April 27 amid a continuing lull in trading. Producers were expected to release new offers in May, while buyers were increasingly bearish, citing slow demand and aggressive imports, Fastmarkets heard.

HRC import offers to India drop by $20-25/t in a week

Offers for import hot-rolled coil—mainly from China—to India have fallen by $20-25 per tonne this week, while importers are hoping for a further drop in prices for HRC from China.