Northern European HRC Steel prices continue to rise to €365 per ton

Published: May 4, 2016 08:51

Save

Northern Europe hot rolled cold (HRC) steel prices continued to rise by €5 a ton week-on-week to €365 per ton in the week ended April 08.

UNITED KINGDOM May 03 2016 5:25 PM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices continued to rise by €5 a ton week-on-week to €365 per ton in the week ended April 08, as per the latest figures released by The Steel Index.

According to TSI, 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.

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.

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 to learn 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

5 hours ago

Post-Holiday Aluminum Inventory Buildup Pace Slows; Inventory Inflection Point Is Expected in Late March [SMM Analysis]

After the Chinese New Year holiday, China’s aluminum market continued to see an inventory buildup, with social inventory rising लगातार and repeatedly hitting highs for recent years. However, as the traditional peak consumption season gradually got underway, downstream pickup enthusiasm rebounded, pressure from aluminum ingot backlogs eased significantly, and the pace of inventory buildup has already shown signs of slowing...

5 hours ago

11 hours ago

Middle East Trade Chain for Aluminum Foil Disrupted by Geopolitical Conflicts, Down 0.74% YoY in Jan-Feb [SMM Analysis]

[SMM Analysis: China’s Aluminum Foil Exports Edged Down 0.74% YoY in January-February, Geopolitical Conflicts Disrupted the Middle East Trade Chain] According to customs data, China’s total aluminum foil exports in January-February 2026 (tariff codes 76071110, 76071120, 76071190, 76071900, 76072000) reached 214,800 mt, down 0.74% YoY from 2025, of which exports were 121,100 mt in January, up 2% YoY, and 93,700 mt in February, down 4% YoY.

11 hours ago

12 hours ago

Aluminum Plate/Sheet and Strip Exports Face Dual Pressure Despite 16.6% YoY Growth in Jan-Feb [SMM Analysis]

[SMM Analysis: Aluminum Plate/Sheet and Strip Exports up 16.6% YoY in January-February, to Face Dual Pressure] According to customs data, China’s total exports of aluminum plate/sheet and strip reached 509,300 mt in January-February 2026, up 16.65% YoY from 2025. Of this, exports were 278,500 mt in January, up 16% YoY, and 230,800 mt in February, up 17% YoY.

12 hours ago