UNITED KINGDOM January 18 2016 3:42 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices remained flat week-on-week at €315 per ton in the week ended January 08, as per the latest figures released by The Steel Index.
Market activity in European steel markets was limited during the week, keeping HR coil prices mostly flat.
In Northern Europe, HRC transactions concluded between €310-320 a ton, an unchanged price level from late December.
With a national holiday in Italy in the middle of this week, trading in the region was minimal, and mills’ offers are expected to be confirmed next week.
European producers seem to be determined to lift prices up from the lows experienced at the end of 2015, and it was reported that ArcelorMittal has already announced a €25 a ton increase to its coil prices across Northern and Southern Europe.