Europe continue price up due to supply/demand - Steel market move.21.04.29

We trust you are well. We would like to inform you lasted steel market move of our study on this week for each area.

Europe continue price up due to shortages supply and strong demand.


Japan - Asia 

Japan - Japanese major steel mill look for price up from JUNE delivery to domestic and re-roller sales, JPY 10,000/MT (US$92/MT) for HRC and JPY 15,000/MT(US$ 138/MT) for CRC and others. This mean total price up for HRC from last year will be JPY 40,000-/MT( US$ 367/MT) and JPY 45,000/MT(US$413/MT) for CRC and other. They will follow the price and market trend in ASEAN market and look for JPY 110,000/MT to JPY 120,000/MT ( US$ 1,009/MT to 1,101/MT) in the future.

Asia - China's domestic hot rolled coil prices surged on Monday April 26 to reach their highest since July 2008, after local authorities in the country's steelmaking hub in the northern region, ordered steelmakers to limit production rates to curb emissions until Tuesday.


Europe HRC price increased because of shortage of supply and strong demand, Northern Europe market price reach EUR 973(US$ 1,177) /MT on APR.27, up EUR 2.08/MT in one day and EUR 19.58/MT in one week and up EUR 138.MT in one month.


Hot rolled coil index breaks $ 72 / cwt barrier. Hot rolled coil prices in the United States have soared above $ 72 per hundredweight ( $ 1,440 per short ton ), setting another historic high, with market participants expecting additional price increases due to continuing tight spot supply.



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Europe continue price up due to supply/demand - Steel market move.21.04.29