Northern European HRC Steel prices slip to €378 per ton

Published: Sep 10, 2015 10:25

Save

Northern Europe hot rolled cold (HRC) steel prices slipped by €1 a ton week-on-week to €378 per ton in the week ended August 28.

UNITED KINGDOM September 09 2015 8:40 PM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices slipped by €1 a ton week-on-week to €378 per ton in the week ended August 28, as per the latest figures released by The Steel Index.

According to TSI, North European HRC index ticked down to €378 a ton, with trades concluded in a wide €370-390 a ton range.

Market sentiment is prevailingly negative though, as declining HRC import prices into Europe and increased production by Ilva are putting downward pressure on domestic mills.

Activity in the European steel markets remained lackluster, with only a limited number of transactions recorded the week.

The situation in South Europe is less clear, as many of the market participants are only starting to return from their holidays.

hot rolled cold (HRC) steel prices steel prices

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

13 hours ago

Impact Minerals to Release 11.99M Escrowed Shares for Lake Hope HPA Project on July 27

[SMM Aluminum Express News] Impact Minerals will release 11.99 million escrowed shares on 27 July that were issued as consideration for acquiring an 80% interest in the Lake Hope High Purity Alumina (HPA) Project in Western Australia. A further 2.37 million shares will remain in escrow until 13 November 2026, with the release representing an increase in the company's free float rather than a new share issuance. Lake Hope is Impact Minerals' flagship HPA project, targeting high-purity alumina production for battery, semiconductor and advanced ceramics markets. The company has been advancing feasibility work and pilot plant development as it seeks to commercialize its proprietary HPA processing technology.

13 hours ago

14 hours ago

SHFE Aluminum Closed Lower with Increased Volume as Bears Added Positions to Drive a Correction; Alumina Trading Volume Shrank with Both Sides Watching Cautiously [SMM Aluminum Brief]

14 hours ago

Spot aluminum prices pulled back slightly, aluminum scrap market remains steady [Aluminum Scrap Daily Review]

14 hours ago