By Vibin Antony
Southern European hot rolled cold (HRC) steel prices dropped to below €400 per ton mark in the week ended March 27.
According to The Steel Index, the Southern European hot rolled cold (HRC) steel prices declined by €3 per ton week-on-week at €397 per ton last week.
The import offers were heard relatively close to the domestic prices, between €375-390 a ton, availability of material at ports is still putting pressure on the South European producers.
Although a North European producer commented that demand is steady, mills are finding it difficult to implement price increases as end-users are pushing back.
North European HRC mostly traded in the €400-405 a ton range seen for the last few weeks. Offers from Italian mills were generally in the €395- 400 ton range (ex-works), with Ilva slightly lower, but many buyers preferred to stay on the sidelines.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
Southern European hot rolled cold (HRC) steel prices dropped to below €400 per ton mark in the week ended March 27.
According to The Steel Index, the Southern European hot rolled cold (HRC) steel prices declined by €3 per ton week-on-week at €397 per ton last week.
The import offers were heard relatively close to the domestic prices, between €375-390 a ton, availability of material at ports is still putting pressure on the South European producers.
Although a North European producer commented that demand is steady, mills are finding it difficult to implement price increases as end-users are pushing back.
North European HRC mostly traded in the €400-405 a ton range seen for the last few weeks. Offers from Italian mills were generally in the €395- 400 ton range (ex-works), with Ilva slightly lower, but many buyers preferred to stay on the sidelines.
(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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