June 2023

Flat steel import prices slide in South America amid poor market liquidity

Prices of flat-rolled steel products imported into South America were mostly lower during the week ended Friday June 30, since a few offers were lowered but the market was overall quieter, participants told Fastmarkets.

Restrictive EU-UK trade 'rules of origin' for EV batteries could cost automotive sector billions, ACEA warns

Passenger car registration numbers in the EU market increased by 18.5% year on year in May 2023, making it the tenth consecutive month of growth, the European Automobile Manufacturers’ Association (ACEA) said on June 21.

Indian steel mills may raise domestic HRC prices in July to combat imports

Indian steel mills may increase their domestic hot-rolled coil prices for July sales even while traders undercut mill prices with cheaper imported material, Fastmarkets heard on Friday June 30.

European HRC prices continue stabilizing but trading remains subdued

The recent stabilization of the European hot-rolled coil market continued on Friday June 30, with limited restocking expected in the first half of July, sources told Fastmarkets.

HRC import prices in Vietnam up, in line with Chinese ferrous futures despite slowdown during Eid al-Adha holidays

Prices of hot-rolled coil imports into Vietnam edged up in the week till Friday June 30 in line with the rise in Chinese ferrous futures.

Chinese HRC prices rise on earlier SHFE gains

China’s domestic hot-rolled coil prices moved higher on Friday June 30, thanks to earlier gains in futures prices for the flat steel product.

Proposal to discontinue Russian domestic steel prices: pricing notice

Fastmarkets proposes to discontinue its Russian domestic steel price assessments due to a lack of transaction data.

Hungary extends bid deadline for sale of Dunaferr steel mill

The Hungarian government has extended the deadline for submitting bids to a tender for local flat-steel producer Dunaferr, sources told Fastmarkets on Thursday June 29.

Northern European HRC prices stable, few suppliers active in market

European hot-rolled coil prices were largely stable on Thursday June 29, with sources cautiously optimistic about a post-holiday trend, Fastmarkets heard.

Green steel premiums little changed across Europe; demand remains sporadic but set to rise exponentially in coming years

European green steel premiums widened downward over the week to Thursday June 29 to reflect recent deals, while demand remained sporadic, sources told Fastmarkets.