UNITED KINGDOM April 06 2015 3:46 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices edged up by €1 per ton week-on-week to €404 per ton in the week ended March 27, as per the latest figures released by The Steel Index.
According to TSI, European HRC indices showed only limited movement last week, reflecting stable prices in the region.
Although a North European producer commented that demand is steady, mills are finding it difficult to implement price increases as end-users are pushing back.
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North European HRC mostly traded in the €400-405 a ton range seen for the last few weeks. Offers from Italian mills were generally in the €395- 400 ton range (ex-works), with Ilva slightly lower, but many buyers preferred to stay on the sidelines.
While import offers were heard relatively close to the domestic prices, between €375-390 a ton, availability of material at ports is still putting pressure on the South European producers.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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