Southern European HRC Steel prices up to €382 per ton-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Aluminium
  • Futures movement
  • Copper
  • Inventory data
  • Lead
  • Evening comments
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Morning comments
  • Customs data
  • Silicon
  • Nickel

Southern European HRC Steel prices up to €382 per ton

Industry News 09:09:11AM Nov 16, 2016 Source:scrapregister

UNITED KINGDOM November 15 2016 3:45 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices up by €2 a ton week-on-week to €382 a ton during the week ended September 02, as per the latest figures from the Steel Index. 

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

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Apr.19
669.0
0.0
(0.00%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
92.0
-0.2
(-0.20%)
58% Fe Fines (Qingdao Port): IOPI58
Apr.19
601.0
0.0
(0.00%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
82.2
-0.2
(-0.19%)
65% Fe Fines (Qingdao Port): IOPI65
Apr.19
777.0
3.0
(0.39%)

Southern European HRC Steel prices up to €382 per ton

Industry News 09:09:11AM Nov 16, 2016 Source:scrapregister

UNITED KINGDOM November 15 2016 3:45 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices up by €2 a ton week-on-week to €382 a ton during the week ended September 02, as per the latest figures from the Steel Index. 

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