UNITED KINGDOM November 04 2015 2:33 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices stayed flat week-on-week at €343 per ton in the week ended October 23, as per the latest figures released by The Steel Index.
North European mills kept their HR coil offers unchanged between €340-350 a ton, while transactions were seen to be done mostly at the lower end of this range.
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Trading activity in Europe was subdued this week, as some buyers stepped away from the market, unsure of price direction in the near future.
South European HRC prices continued to trade predominantly within the €290-300 a ton range, while significant orders were negotiated some €10-15 a ton lower.
Import material continues to become relatively less competitive, as HRC was heard to be offered only around €5 a ton lower than asking prices from Italian mills.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to email@example.com)