Home / Metal News /  / Southern European HRC Steel prices down to €289 a ton
Southern European HRC Steel prices down to €289 a ton
Nov 13,2015 09:28CST
industry news
Source:SMM
The Southern European hot rolled cold (HRC) steel prices down by €3 a ton to €289 a ton during the week ended October 30, as per the latest figures from the Steel Index.

UNITED KINGDOM November 12 2015 6:22 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices down by €3 a ton to €289 a ton during the week ended October 30, as per the latest figures from the Steel Index.

In Southern Europe domestic mills were offering HRC between €290-300/t, although lower prices were reported for large orders. 

A falling euro versus the dollar made imports into Italy less attractive, as HRC was quoted to be on offer for $310-315/t CIF Italy, only about €10/t lower than asking prices from local mills.

For Live US Steel Scrap Prices Log on to Scrap Register

This offered some respite for local suppliers, as the market began to speculate if prices in the region have finally reached a bottom.

Amid tepid market activity, TSI’s North European HRC index finished the week where it started, at €343 a ton.

Steel producers, reasonably booked until the end of the year, were reluctant to offer any discounts and spot deals were mostly done near the €340/t mark.

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


Southern European hot rolled cold steel prices
Southern European HRC steel prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news