UNITED KINGDOM January 16 2015 10:45 AM
LONDON (Scrap Register): Southern Europe hot rolled cold (HRC) steel import prices gained by €3 per ton weak-on-week to €389 per ton in the week ended January 09, as per the latest figures released by the The Steel Index.
According to TSI, 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.
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.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)