Copyright © 2021 Mintec Limited Contents
Packaging
Steel & Aluminium
37 Steel HRC - USD/MT & EUR/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
300
550
800
1,050
1,300
1,550
1,800
400
500
600
700
800
900
1,000
1,100
1,200
HRCN - Steel HRC (CRU) CME US 1K01 - Steel HRC dom exw N Eur (right axis)
The US steel hot-rolled coil (HRC) price on the CME hit a record high again in May, up 10.2% m-o-m and 193.7%
y-o-y at a monthly average price of USD 1,705/MT. Strong market fundamentals attributed to brisk economic
recovery are supporting prices. In addition, lead times continue to increase amid low inventories. Northern Europe
steel HRC reached another record, up 13.5% m-o-m and 151.3% y-o-y to EUR 1,083.8/MT in May due to an
ongoing supply shortage, with lead times stretching into the last quarter of the year.
The LME aluminium price rose by 5.2% m-o-m and 64.4% y-o-y to USD 2,454/MT in May on the back of strong
global demand attributed to brisk global economic recovery. In addition, robust import volumes from China in April
encouraged investment during May. According to national customs data, Chinese aluminium imports rose by 36%
in April compared to the previous month.
Aluminium LME - USD/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
1,300
1,500
1,700
1,900
2,100
2,300
2,500
2,700
2,900
LN02 - Aluminium 3m LME