UNITED KINGDOM March 29 2015 8:48 AM
LONDON (Scrap Register): Southern European hot rolled cold (HRC) steel prices remained almost flat week-on-week at €400 per ton last week, with trades concluded in the €390-400 a ton range, as per the latest figures released by The Steel Index.
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.
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.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)