North European Steel market resumes after the holiday season

Published: Jan 16, 2015 09:46

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Northern Europe hot rolled cold (HRC) steel prices dropped by €5 per ton week-on-week to €405 per ton in the week ended January 09, as per the latest figures released by The Steel Index.

UNITED KINGDOM January 15 2015 3:46 PM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices dropped by €5 per ton week-on-week to €405 per ton in the week ended January 09, as per the latest figures released by The Steel Index.

According to TSI, North European steel market activity resumed after the holiday season slowdown and HRC spot trades concluded between €400- 405/ton, although buyers with larger volume requirements were commanding price levels closer to the €400/t mark.

South European markets were quieter in comparison, with HRC transacting around €390/t levels, unchanged from December-end.

ArcelorMittal announced €30/t increases for its coil prices, while other mills are apparently mulling over announcing similar hikes.

The Steel Index Northern Europe HRC steel prices Northern Europe hot rolled cold steel prices

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