Hot rolled coil prices in Western Europe have not slowed their upward trek over the past month. Demand continues to outstrip supply for the flat-rolled product, industry watchers said June 1. “It has everything to do with high demand in Europe and the United States,” one trader told MetalMiner. The MetalMiner Best Practice Library offers […]
Christopher Rivituso
Copper prices to see out 2021 at lower levels — but higher prices coming in meantime
The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner. “It’s sentiment-driven,” one analyst said about current prices for the base metal and the prospect for increases in them over the year. Each month, MetalMiner hosts a […]
New ArcelorMittal hot strip mill Completed by in Mexico this year
ArcelorMittal Mexico plans to complete the construction of a new hot strip mill with a 2.5 million metric ton capacity at its steelmaking site in Lazaro Cardenas by the end of 2021, the Luxembourg-headquartered group said. The new mill would produce HRC for the non-auto, domestic and industrial use sectors. The mill is part of […]
Hot rolled coil in West Europe moves up, but buyers start to show caution
Western Europe’s hot rolled coil and cold rolled coil prices continued to rise over the past month. High demand from China and rising input prices supported prices, market sources told MetalMiner. Do you know the five best practices of sourcing metals, including steel? Hot rolled coil prices rise Hot rolled coil from European mills have […]
Maintenance, high demand boost NLMK Group’s Q1 production and sales
Russian steelmaking group Novolipetsk Steel (NLMK) reported a 4.1% year-over-year rise in its Q1 crude steel production. The jump came partly due to completion of maintenance on its long products facility at the Lipetsk site. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. NLMK output rises […]
Tata Steel Europe to introduce surcharge on HRC, CRC sales contracts
Tata Steel Europe (TSE) plans to enact a carbon surcharge on all new flat–rolled product contracts from July 1, a spokesman for the group said. The planned surcharge scheme stipulates for now a €12 ($14.30) per metric ton of hot and cold rolled coil from TSE’s plants at Port Talbot (Tata Steel UK) and IJmuiden […]
McKinsey report: European steel faces major challenges in the years ahead
The European steel industry faces three major challenges, following the impacts of the COVID-19 global and the 2008-09 financial crisis, management consultancy McKinsey & Company stated. “European steel producers should consider making a series of short-term operational and medium- to long- term strategic moves to ensure economic and environmental sustainability going forward,” McKinsey said in […]
Tight supply continues to push hot rolled coil prices upward in Western Europe
Continued tight supply for hot rolled coil in Western Europe has further pushed up prices for the flat product over the past 10 days. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Hot rolled coil heats up Some producers’ offer prices from late last week are now at least […]
Hot rolled coil prices continue to surge in Western Europe
A lack of local availability, plus anti-dumping measures on some third-country imports into the European Union, have further pushed up hot rolled coil prices in Western Europe. Hot rolled coil price surge Offers for the flat rolled product from Western European mills are now €850-900 ($1,015-$1,070) per tonne ex works for May rolling and June […]
What are ArcelorMittal’s prospects in the US after its Cleveland-Cliffs deal?
ArcelorMittal has strong prospects in the United States. This is even after the group sold in 2020 almost 14 million tons of integrated crude capacity to Cleveland-Cliffs. “It is one of the major steel markets, even though many steel plants in the United States have shut down in the past 10 years,” one analyst said. […]