Home / Metal News / Steel & Iron Ore / Northern European HRC Steel prices advance to €428 per ton
Northern European HRC Steel prices advance to €428 per ton
Nov 11,2016 09:55CST
industry news
Northern Europe hot rolled cold (HRC) steel prices advanced €4 per ton week-on-week to €428 per ton in the week ended September 02, as per the latest figures released by The Steel Index.

UNITED KINGDOM November 10 2016 2:49 PM

LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices advanced €4 per ton week-on-week to €428 per ton in the week ended September 02, as per the latest figures released by The Steel Index.

North European HRC index ticked up to €428 a ton as more transactions were concluded this week nearer to the €430 a ton mark.

This seems to be a temporary stop-off point, as buyers commented on the likelihood of €10-20 a ton spot price increases in the near term. 

These expectations were confirmed by ArcelorMittal, which, as reported by S&P Global Platts today, increased its coil prices by €40 a ton. 

Italian buyers started to return to the market this week and HRC transactions were reported to be done at a pre-holiday level of €380 a ton, although many anticipate spot prices increasing to at least €400 a ton for HRC. 

Import offers were scarce, but Iran and Brazil are expected to come back with their new asking prices next week.

Northern Europe hot rolled cold (HRC) steel prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news