NITED KINGDOM June 19 2014 3:49 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices slightly up by €1 per ton week-on-week to €424 per ton in the weeek ended June13th this year, as per the latest figures released by The Steel Index.
According to TSI, North European HRC was seen transacting prevailingly in the €420- 425 a ton range last week amid tepid demand and plentiful offers.
With persistently weak raw material prices, buyers are pondering if downtrend will continue, as trades are starting to emerge below the €420/t mark. Deals in the South European market continued to be done mostly within the €410-420 a ton range.