UNITED KINGDOM March 27 2015 12:27 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices slipped further by €1 per ton week-on-week to €400 per ton in the week ended March 20, as per the latest figures released by The Steel Index.
The North European HR coil market remains pretty uneventful with neither buyers nor sellers really able to exert pressure on prices.
Steel producers’ asking prices in Northern Europe remain ambitious, in the €415-420 a ton (ex-works) range, but the reality is very different with spot trades closer to the €400 a ton mark.
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Market participants have noted little change in the past few months - indeed, TSI’s North and South European HR coil benchmarks have remained range-bound, trading in a €7 a ton and €9 a ton range respectively over the past 4 weeks.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
