By Vibin Antony
The Southern European hot rolled cold (HRC) steel prices declined by €5 per ton week-on-week at €351 per ton ex-works in the week ended August 21, as per the latest figures from the Steel Index.
In Europe specifically, improvements in demand from both automotive and construction markets have not been met with higher domestic prices due to increased import activity.
The summer lull will, in all likelihood, continue for the remainder of the month before participants return to the market.
North European HR coil spot prices slipped to €379 a ton ex-works early on in the week and remained stable at this 12-month low thereafter.
All the news this week has been about the Yuan devaluation in China and its impact on global markets at a time when the world’s largest steel producer’s finished steel exports hit record volumes.
(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 declined by €5 per ton week-on-week at €351 per ton ex-works in the week ended August 21, as per the latest figures from the Steel Index.
In Europe specifically, improvements in demand from both automotive and construction markets have not been met with higher domestic prices due to increased import activity.
The summer lull will, in all likelihood, continue for the remainder of the month before participants return to the market.
North European HR coil spot prices slipped to €379 a ton ex-works early on in the week and remained stable at this 12-month low thereafter.
All the news this week has been about the Yuan devaluation in China and its impact on global markets at a time when the world’s largest steel producer’s finished steel exports hit record volumes.
(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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