Southern European HRC Steel prices down by another €2 a ton

UNITED KINGDOM November 18 2015 2:40 PM
 

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices down by another €2 a ton to €287 a ton during the week ended November 06, as per the latest figures from the Steel Index.

South European HRC spot prices were also declining, with discounts given to large orders, and some deals concluded as low as €280 a ton.

Prices for Chinese-origin imports moved slightly down compared to the previous week, with offers around $305 a ton CIF Italy.

Market activity continues to be subdued in Europe and with mills eager for new orders, asking prices were lowered in an attempt to attract some business.

However, North European HRC index slipped to €338 a ton, with top-tier steelmakers reportedly offering at or very close to these transaction price levels.