By Vibin Antony
The Southern European hot rolled cold (HRC) steel prices edged up by €2 per ton week-on-week at €392 per ton in the week ended April 10, as per the latest figures from the Steel Index.
As expected, European HR coil prices were practically unmoved the week, as the market was quiet after the Easter break.
With low pressure from imports, South European HRC was prevailingly trading between €390-395 a ton, with many of the buyers remaining in waiting mood and postponing their orders.
However, North European HRC index stayed at €403 a ton, not leaving the €403-405 a ton range for over four weeks now.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
The Southern European hot rolled cold (HRC) steel prices edged up by €2 per ton week-on-week at €392 per ton in the week ended April 10, as per the latest figures from the Steel Index.
As expected, European HR coil prices were practically unmoved the week, as the market was quiet after the Easter break.
With low pressure from imports, South European HRC was prevailingly trading between €390-395 a ton, with many of the buyers remaining in waiting mood and postponing their orders.
However, North European HRC index stayed at €403 a ton, not leaving the €403-405 a ton range for over four weeks now.
(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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