Southern European HRC Steel prices advance

Published: May 3, 2016 10:02

Save

The Southern European hot rolled cold (HRC) steel prices advanced by €6 a ton week-on-week to €356 a ton during the week ended April 15, as per the latest figures from the Steel Index.

UNITED KINGDOM May 02 2016 3:21 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices advanced by €6 a ton week-on-week to €356 a ton during the week ended April 15, as per the latest figures from the Steel Index.

According to TSI, South European producers increased their offer prices, and some started to ask €380 a ton for HRC. This is yet to trickle down into the spot market, although more transactions were heard concluded at the €360 a ton level and TSI’s benchmark index ticked up to €356/t by the end of the week.

The Northern European market was relatively quiet, with HRC asking prices remaining near the €380 a ton mark and transactions mostly done in the €360-370 a ton range.

A few producers reportedly withdrew their offers this week, and some in the market expect a new round of price hikes to be announced soon. Import offers were heard on par with domestic prices, near the €360 a ton mark CFR Antwerp or CFR Italy.

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

the Steel Index Southern European 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 for 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

12 hours ago

US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed

The US-Canada tariff war has escalated once again. Canada took the lead in imposing retaliatory tariffs on approximately $20 billion worth of US goods, and the US responded with tough countermeasures: starting September 15, a 50% tariff will be imposed on about 100 categories of Canadian products; starting September 29, imports of certain Canadian motor vehicles and dairy products will be further banned.

12 hours ago

ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns

The European Central Bank announced a 25 basis point hike in all three key interest rates, in line with market expectations. The central bank noted that the Middle East conflict continues to push up inflation, and inflation is expected to remain well above the target level for an extended period. According to people familiar with the matter, ECB officials expect to raise rates further, with the next move possibly coming as soon as October.

12 hours ago

China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%

CAAM data shows that in August, China's auto sales were 2.712 million units, down 5.1% YoY. Among them, NEV performance was impressive, with sales reaching 1.643 million units, up 17.8% YoY, accounting for 60.6% of total new vehicle sales. In terms of exports, auto exports in August were 1.01 million units, up 65.3% YoY; NEV exports were 526,000 units, up 1.3x YoY.

12 hours ago