Northern European HRC Steel prices jump to €424 per ton

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.