Northern European HRC Steel prices drop further to €343 per ton

Published: Nov 2, 2015 10:28

Save

Northern Europe hot rolled cold (HRC) steel prices dropped further by €1 a ton week-on-week to €343 per ton in the week ended October 16, as per the latest figures released by The Steel Index.

UNITED KINGDOM October 30 2015 11:17 AM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices dropped further by €1 a ton week-on-week to €343 per ton in the week ended October 16, as per the latest figures released by The Steel Index.

According to TSI, North European HRC prices hovered just above the €340 a ton level the week, with the majority of trades reported between €340-350 a ton, although large volume transactions were able to achieve as low as €330 a ton.

For Live US Steel Scrap Prices Log on to Scrap Register

However, South European HRC index remained mostly stable during the week, firmly establishing itself below the €300 a ton mark.

According to the latest industry numbers, Italy continues to receive an influx of lower priced import material, which is suppressing domestic mills’ asking prices.

Between Jan-Aug this year, Italy accounted for 35% of all EU steel imports, while HRC and CRC imports into the country increased by 75% and 71% year-on-year respectively.

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

Northern Europe hot rolled cold steel prices Northern Europe HRC 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 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

1 hour ago

Data: SHFE, DCE market movement (Mar 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Mar , 2026

1 hour ago

5 hours ago

The Most-Traded Contract’s Center Rebounded Slightly, Market Transactions Softened After Downstream Enterprises Restocked [SMM Tin Midday Commentary]

[SMM Tin Midday Review: The Center of the Most-Traded Contract Rebounded Slightly, and Market Transactions Weakened After Downstream Enterprises Restocked]

5 hours ago

7 hours ago

[SMM Tin Flash: Samsung’s Largest Union Threatens to Strike, Potentially Disrupting Global Chip Supply]

Samsung Electronics' largest union in South Korea warned that chip production could be disrupted if members approve the plan in a strike vote in May. As the world's largest memory chip maker, a strike at Samsung could exacerbate global semiconductor supply bottlenecks. Choi Seung-ho, chairman of the Samsung Electronics Labor Union (SELU), said at the launch of the vote last week: "I expect there will be production disruptions." The vote will continue through Wednesday. Choi Seung-ho said that if labor and management fail to reach an agreement, the union is expected to hold an 18-day strike starting May 21, which could affect about half of the production at the massive semiconductor complex in Pyeongtaek, south of Seoul. The Samsung union is demanding a 7% raise in base pay, the removal of the performance-based compensation cap, currently set at 50% of annual base salary, and the introduction of a bonus pool based on operating profit.

7 hours ago