LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices slipped by another €2 per ton week-on-week to €384 per ton in the week ended May 15, as per the latest figures from the Steel Index.
According to TSI, transactions were seen concluded mostly between €390-400 a ton, and larger volume deals were concentrated at the lower end of the range.
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The South European market saw more activity this week, as buyers returned to book material at slightly lower prices.
HRC was reportedly trading around €390 a ton, but some deals were concluded closer to the €380 a ton mark.
Highlighting concerns about the increasing impact of imports on the European steel market, the European Commission initiated an anti-dumping investigation into CRC imports from China and Russia.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)UNITED KINGDOM May 27 2015 3:35 PM