Industry News

Signs of steel price retreat appear

Views : 199
Update time : 2021-10-18 22:36:30

When the books are written on a historic year for steel prices, we will probably look back at August and September as the months when things started falling apart.

Recall that over the summer prices continued to soar upward, and consensus seemed to be not whether hot-rolled coil (HRC) prices would breach $2,000/ton ($100/cwt), but when. The new consensus, according to Steel Market Update (SMU) survey respondents, is that prices already have peaked or will peak before the year is out.

And SMU’s HRC prices reflect that trend too. SMU’s average HRC price was at $1,920/ton as of Oct. 11, down $35/ton a month earlier. September also saw prices decline for three consecutive weeks—the first time that had happened since the market buckled under the weight of the pandemic in the summer of 2020.

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11