2021.05.06

US HRC price come to highest in the history - Steel market move.21.05.06

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

US HRC price come to highest in the history.

 

 

Japan - Asia 

Japan - Japanese major steel mill has decided on April 22 to raise the prices of its carbon steel welded pipes and seamless pipes by 10% or about JPY 15,000/MT ($139/MT) for MAY domestic sales. This decision reflects higher input costs and supply tightness in the steel industry.

 

Asia - Stable demand and strong future market optimism, the price of steel products in China continued strengthen over the final week of April. Rebar price is traded at Yuan 5,392/MT ($833/MT), HRC price in Eastern China reach Yuan 5,610/MT ($865/MT), up by $17/MT on week.

Europe 

The continuing shortage of materials and strong demand, domestic prices for HRC in Europe increased again on April 28, the price was heard at €987/MT ($1,193/MT) exw Northern Europe, up by €31/MT week on week and up by €152/MT month on month.
 

America 

North America - The tight supply situation in the US has no sign to improve until the second half of this year, so HRC prices climb further and reach all time high at $1,500/shot ton ($1,650/MT) fob mill US on May 01, up by 5.2% from a week earlier.

Central & South America - Due to rising global steel and raw materials values, along with resilient local demand, Brazilian steelmaker CNC announced to raise domestic prices by 10-18% in May, with 16% up for HRC and 18% up for CRC. The total price increase in the 2nd QTR is set around 22-28% while in the 1st QTR it increased 25%.

 

 


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US HRC price come to highest in the history - Steel market move.21.05.06