UNITED KINGDOM July 04 2016 5:29 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices jumped by €1 a ton week-on-week to €424 per ton in the week ended June 17, as per the latest figures released by The Steel Index.
In Northern Europe, asking prices were largely unchanged, between €440-450 a ton.
However, activity in the South European HR coil market was mute this week, with some service centres reporting that it was almost one month ago when they last dipped into the spot market.
Import offers are said to be more competitive of late, with HRC offered below the €400 a ton mark, CIF Italy. Delivery lead-times for import material continues to be a deterrent.
