Week 52 of 2020 was somewhat quieter than the previous steel week. However, it was again dominated by rising prices, especially on the European and US markets. However, the topic of freight and supply bottlenecks for containers will probably remain with us.
Let’s take a quick look at the important headlines of calendar week 52 2020.
The steel headlines of the week
US prices for cold-rolled coils and galvanized sheets rise
German steel trade inventories fall to multi-year low as demand picks up
Fitch rates Commercial Metals ‘BB+’; outlook stable
Stainless steel gains momentum through 2021
Container shipping 2021: hangover or party on?
US steel supply to remain tight in 1st quarter
Hot-rolled coil: European prices continue to rise due to ongoing domestic shortages
India: Anti-dumping duties on certain steel imports
Outlook for the week ahead
We are approaching the turn of the year 2020/2021 with big steps. Especially in Western countries, little happens at this time. But since many things are different this year, we’ll just wait and see. We will of course continue to keep you informed.
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We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
