Northern European HRC Steel prices advance to €388 per ton

Published: Aug 19, 2015 14:29

Save

Northern Europe hot rolled cold (HRC) steel prices advanced by €3 a ton week-on-week to €388 per ton in the week ended August 31.

UNITED KINGDOM August 19 2015 11:11 AM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices advanced by €3 a ton week-on-week to €388 per ton in the week ended August 31, as per the latest figures released by The Steel Index.

According to TSI, weakening demand in Northern Europe put pressure on mills’ asking prices and HRC prices trended slightly lower. The majority of trades were reported to be concluded between €375-390 a ton and TSI’s benchmark index closed at €380 a ton.

Import prices into Europe remained significantly lower, as Chinese material was heard offered near €330 a ton CIF basis, although premium specification material was closer to €350 a ton CIF.

However, South European HR coil index dropped €9 a ton during the week to finish at €355 a ton.

Recent cuts in HRC asking prices by Italian producers to €350-365 a ton ex-works found their way into the spot market, as more transactions were reportedly done below the €360 a ton mark.

(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

hot rolled cold (HRC) steel prices hot rolled cold (HRC) steel

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 for 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

Sep 12, 2026 15:58

US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed

The US-Canada tariff war has escalated once again. Canada took the lead in imposing retaliatory tariffs on approximately $20 billion worth of US goods, and the US responded with tough countermeasures: starting September 15, a 50% tariff will be imposed on about 100 categories of Canadian products; starting September 29, imports of certain Canadian motor vehicles and dairy products will be further banned.

Sep 12, 2026 15:58

Sep 12, 2026 15:55

ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns

The European Central Bank announced a 25 basis point hike in all three key interest rates, in line with market expectations. The central bank noted that the Middle East conflict continues to push up inflation, and inflation is expected to remain well above the target level for an extended period. According to people familiar with the matter, ECB officials expect to raise rates further, with the next move possibly coming as soon as October.

Sep 12, 2026 15:55

China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%

CAAM data shows that in August, China's auto sales were 2.712 million units, down 5.1% YoY. Among them, NEV performance was impressive, with sales reaching 1.643 million units, up 17.8% YoY, accounting for 60.6% of total new vehicle sales. In terms of exports, auto exports in August were 1.01 million units, up 65.3% YoY; NEV exports were 526,000 units, up 1.3x YoY.

Sep 12, 2026 15:55