UNITED KINGDOM November 03 2016 5:34 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices gained further by €03 a ton week-on-week to €424 per ton in the week ended August 19, as per the latest figures released by The Steel Index.
According to TSI, European HRC indices remained largely stable during the week, as the market continued to display only very limited activity.
While North European HRC prices seem to be staying around the €420 a ton mark for the moment, there are, however, more indications that price hikes are becoming more certain.
As the spread between domestic European and Asian steel prices started to shrink again, one buyer describer the prospect of increases for Q4 orders as an obvious one.