icon

hot-rolled products - Latest Articles GMK Center

Photo – European HRC importers actively use quotas for Q3
European HRC importers actively use quotas for Q3

About 40% of the total import quotas for hot-rolled coils have already been used

Photo – HRC prices in US stabilized at $900/t
HRC prices in US stabilized at $900/t

Market participants report strong demand despite economic concerns

Photo – HRC producers in Europe cannot achieve higher prices
HRC producers in Europe cannot achieve higher prices

The market does not support the increase in prices for hot-rolled coil

Photo – Turkiye became the largest buyer of Chinese hot-rolled steel in May
Turkiye became the largest buyer of Chinese hot-rolled steel in May

In May, China exported a total of 1.77 million tons of HRC

Photo – EU importers used up some HRC quotas in the second quarter
EU importers used up some HRC quotas in the second quarter

In the second quarter of 2023, over 1.1 million tons of remaining quotas were used

Photo – The EU has extended anti-dumping and countervailing duties on hot-rolled steel from China
The EU has extended anti-dumping and countervailing duties on hot-rolled steel from China

Tariffs on Chinese hot-rolled coil will remain in place for at least another 5 years

Photo – World prices for hot-rolled coils are falling under the pressure of low demand
World prices for hot-rolled coils are falling under the pressure of low demand

Global rolled steel trade is slowing due to uncertainty in the Chinese market

Photo – Tata Steel Europe notes improvement in rolling stock deliveries in Q1
Tata Steel Europe notes improvement in rolling stock deliveries in Q1

In January-March 2023, the company increased the shipment of rolled steel to customers by 7% q/q

Photo – The global rolled steel market is under the pressure of weakening demand
The global rolled steel market is under the pressure of weakening demand

The European market is breaking out of the general trend due to limited supply

Photo – Prices for hot-rolled coil in Europe increased by €30-50/t during March
Prices for hot-rolled coil in Europe increased by €30-50/t during March

Rolled steel quotations rose amid demand recovery and positive expectations, but the market condition is ambiguous

Photo – The UK plans to continue the cancellation of customs tariffs on Ukrainian steel
The UK plans to continue the cancellation of customs tariffs on Ukrainian steel

The current suspension of measures is planned to be extended, as dumping of goods from Ukraine is hardly possible due to the war in the country

Photo – Turkiye imported 210.2 thousand tons of rolled steel from Ukraine in 2022
Turkiye imported 210.2 thousand tons of rolled steel from Ukraine in 2022

In December 2022, Turkish consumers received 6.4 thousand tons of Ukrainian hot-rolled steel

1 2