Southern European HRC Steel prices edge up to €356 per ton

UNITED KINGDOM August 13 2015 4:35 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices edged up by €1 per ton week-on-week to €356 per ton ex-works in the week ended July 31, as per the latest figures from the Steel Index.

According to TSI, South European market was relatively quiet with transactions reported mainly between €350-360 a ton.

Both of TSI’s European HRC indices finished the week close to the price level recorded last week amid slowing market activity.

In Northern Europe the picture remained mixed, as the majority of trades were reported in a wide €380-395 a ton range.

Market participants commented that large mills have healthy order books and continue to offer HRC nearer to €395 a ton. Offer prices from smaller mills were lower, closer to the €380 a ton mark.

HRC imports into Antwerp were heard in the €340-345 a ton range (CIF basis), with delivery times for Chinese material stretching into December.

(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)