Southern European HRC Steel Prices Climb Further to €408 per Ton Mark-Shanghai Metals Market

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Southern European HRC Steel Prices Climb Further to €408 per Ton Mark

Industry News 05:42:53PM Nov 29, 2016 Source:Scrap Register

UNITED KINGDOM November 29 2016 2:41 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices climbed further by €8 a ton during the week ended September 16, as per the latest figures from the Steel Index. 
The South European HRC index continued to move up and finished the week at €408 a ton. Many service centres came back to the market to place their orders after a prolonged absence, with most HRC deals recorded close to the €410 a ton mark. 
The North European market was quieter this week, with a wide range of prices heard. While mills were setting up their asking prices above €450 a ton, buyers were reporting deals done almost €20 a ton lower.
However, producers talked about limited availability of allocations left for Q4 orders and stretching delivery lead-times, in turn raising expectations that HRC prices would move upwards in the near-term.

Key Words:  steel prices  ferrous metals 

Price

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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 Climb Further to €408 per Ton Mark

Industry News 05:42:53PM Nov 29, 2016 Source:Scrap Register

UNITED KINGDOM November 29 2016 2:41 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices climbed further by €8 a ton during the week ended September 16, as per the latest figures from the Steel Index. 
The South European HRC index continued to move up and finished the week at €408 a ton. Many service centres came back to the market to place their orders after a prolonged absence, with most HRC deals recorded close to the €410 a ton mark. 
The North European market was quieter this week, with a wide range of prices heard. While mills were setting up their asking prices above €450 a ton, buyers were reporting deals done almost €20 a ton lower.
However, producers talked about limited availability of allocations left for Q4 orders and stretching delivery lead-times, in turn raising expectations that HRC prices would move upwards in the near-term.

Key Words:  steel prices  ferrous metals