hot-rolled prices

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Prices for hot-rolled steel fell to $800 per short ton in the US

At the end of 2023, HRC prices in the country peaked at about $1,100/t

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Hot-rolled steel prices in the US continue to fall

The price of HRC on the American market fluctuates in the range of $800-900 per short ton

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US steelmakers expect stable steel demand in 2024

At present, prices for steel coils in the country have declined from their peak at the end of 2023

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China’s Baosteel has raised its March prices for hot rolled coils

The price has increased amid increased offers from competitors

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Global hot-rolled steel prices increased since the beginning of the year

In the EU market, prices are supported by limited supply

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ArcelorMittal increases prices for hot-rolled steel in the EU by €50/t

The company relies on limited import opportunities and a low supply of products on the domestic market

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Rapid filling of quotas will support the growth of European HRC prices

About 1.18 million tons of HRC were expected to be imported into the EU on January 5 in the «other countries» category

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Global hot-rolled coil prices rise at the end of the year

The trend is expected to continue through the first quarter of 2024

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European HRC market slows down ahead of holidays

In the first quarter of 2024, HRC prices in Europe may continue to rise

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Sentiment in the US steel industry improved amid rising prices

A reduction in supply and an increase in order fulfillment allowed prices to stabilize

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Global HRC prices continue to rise

European steelmakers raise offers to €700-720/t, Indian export prices rise

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Global HRC prices continue to rise in November

The trend is expected to continue until the end of the year due to limited supply and increased demand

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