Northern European HRC Steel prices slip to €406 per ton

Feb 6, 2015 09:47

Source:SMM

Northern Europe hot rolled cold (HRC) steel prices slipped by €1 per ton week-on-week to €406 per ton in the week ended January 23, as per the latest figures released by The Steel Index.

UNITED KINGDOM February 05 2015 5:43 PM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices slipped by €1 per ton week-on-week to €406 per ton in the week ended January 23, as per the latest figures released by The Steel Index.

North European HRC prices were almost steady, as €5-10 a ton increases have yet to translate into higher priced deals.

Meanwhile, Q2/Q3-15 North European HRC swaps cleared on LCH.Clearnet – priced at €400a ton, and Jan-15 swaps also cleared the week, both basis TSI.

However, the benchmark daily prices for HR coil in Southern Europe ebbed and flowed in the week ended January 23 as trades were concluded across a range of price levels before it finished the week at €394 a ton.

Italian producers increased their asking prices closer to €400 a ton (ex-works), reportedly aiming to recover €10-15 a ton compared to the December-end price level.

At the same time, some bigger-volume deals were still closing below the €390 a ton mark. Ilva is temporarily absent from the HRC market, having suspended some operations due to a lack of raw materials.

The Steel Index

Northern Europe hot rolled cold steel prices

Northern Europe HRC steel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Northern European HRC Steel prices slip to €406 per ton

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025