Northern Europe hot rolled cold (HRC) steel prices continued to drop by €3 per ton week-on-week to €402 per ton in the week ended March 06, as per the latest figures released by The Steel Index.
With limited trading activity in the European HR coil market, TSI’s indices registered only modest movements this week.
North European buyers preferred to stay on the sidelines, booking material only to fulfill their immediate requirements and TSI’s benchmark index trended slightly down to finish the week at €402 a ton.
However, South European HRC prices remained largely unchanged, with trades concluded in the €390-400 a ton range.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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