Southern European HRC Steel prices advances to €355 per ton

UNITED KINGDOM September 08 2015 2:19 PM    

LONDON (Scrap Register): The  Southern European hot rolled cold (HRC) steel prices advanced by €4 per ton  week-on-week at €355 per ton ex-works in the week ended August 28, as per the  latest figures from the Steel Index.

Activity in the European  steel markets remained lackluster, with only a limited number of transactions  recorded this week.

The situation in South Europe is less clear, as many  of the market participants are only starting to return from their holidays.  

TSI’s North European HRC index ticked down to €378 a ton, with trades  concluded in a wide €370-390 a ton range.

Market sentiment is  prevailingly negative though, as declining HRC import prices into Europe and  increased production by Ilva are putting downward pressure on domestic  mills.