fghgfhgffhgfhgf

Published: Jul 14, 2015 11:11

Save

hgjgjhgjhg

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices advanced by €4 a ton week-on-week to €391 per ton in the week ended July 03, as per the latest figures released by The Steel Index.

In Northern Europe, first-tier producers reportedly continued to offer HRC close to the €400 a ton mark, while other mills’ asking prices were lower, around €390 a ton.

For Live US Steel Scrap Prices Log on to Scrap Register

Prices for Chinese-origin HRC imports to both North and South Europe were said to be as low as €345 a ton CIF, while other origins were slightly higher.

Market participants commented that most of the bookings for Q3 are now completed, and we can expect a slowing down in market activity in the next few weeks.

After last week’s falls, South European HRC prices stabilized close to the €370 a ton ex-works mark. Asking prices from the majority of Italian producers were heard to be around €370 a ton, although some mills were at €375-380 a ton.

klhlkhl

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

27 mins ago

The Difficult Recovery of Secondary Copper Rod in March Amid Losses and Supply Deficit

The operating rate of secondary copper rod in March 2026 was 14.25%, below the expected 16.26%, up 6.27 percentage points MoM and down 25.93 percentage points YoY. In March, China's secondary copper rod market struggled under multiple pressures including wild swings in copper prices, deepening industrial fiscal and tax policy reforms, and structural tightness in raw material supply, failing to exhibit the traditional seasonal recovery

27 mins ago

1 hour ago

Shanghai Copper Market to Face Ongoing Pressure Amid Slower Demand and Contango Structure

Looking ahead, the Shanghai spot copper market is expected to remain under pressure. Demand side, after the rapid rise in copper prices, orders from downstream enterprises decreased somewhat, with most enterprises still primarily making just-in-time procurement, and demand resilience remains. Market structure side, the inter-month Contango price spread between futures contracts widened slightly. Suppliers holding long positions in near-month contracts, under the contango structure, are more inclined to hold open interest for delivery rather than sell spot copper at low prices, with low willingness to sell at reduced prices and a strong willingness to hold prices firm. Overall, spot prices against the SHFE copper 2604 contract are expected to remain at current levels tomorrow.

1 hour ago

2 hours ago

Widening Price Spread Between Futures Contracts Strengthens Contango Logic, Shanghai Spot Copper Discounts Narrow Steadily [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Shanghai spot copper market is expected to remain under pressure. Demand side, after the rapid rise in copper prices, orders from downstream enterprises decreased somewhat, with most enterprises still primarily making just-in-time procurement, though demand resilience remains. Market structure side, the inter-month Contango price spread between futures contracts widened slightly. Suppliers who previously held long positions in the near-month contract are more inclined to hold open interest for delivery rather than sell spot cargo at low prices under the contango structure, showing low willingness to sell at low prices and a strong willingness to hold prices firm. Overall, spot prices against the SHFE copper 2604 contract are expected to remain at current levels tomorrow.

2 hours ago