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Home / Metal News / Northern Europe HRC Steel prices drop to €446 per ton

Northern Europe HRC Steel prices drop to €446 per ton

Mar 25, 2014 10:29

Source:SMM

Northern Europe hot rolled cold (HRC) steel prices dropped by 1.1% week-on-week to €446 per ton in the week ended March 14th this year, as per the latest figures released by the The Steel Index.

UNITED KINGDOM March 24 2014 3:35 PM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices dropped by 1.1% week-on-week to €446 per ton in the week ended March 14th this year, as per the latest figures released by the The Steel Index.

According to TSI, benchmark HR coil indices for North and South European HRC both fell last week, losing €5 a ton and €9 a ton respectively.

Weak demand continued to weigh down on steel prices in Europe as producers lowered HR coil base prices. Ilva in Italy reportedly decreased its HR coil base prices for new orders to €420 a ton (ex-works), whilst other Italian producers’ offers stand close to €430 a ton.

In Northern Europe the previously dominant price level of €450 a ton slipped, as more transactions were concluded near the €440 a ton mark.

The Steel Index

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