Southern European HRC Steel prices slip to €421 per ton

UNITED KINGDOM July 11 2016 3:30 PM

LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices slipped by €1 a ton week-on-week to €421 a ton during the week ended June 17, as per the latest figures from the Steel Index.

Activity in the South European HR coil market was mute during the week, with some service centres reporting that it was almost one month ago when they last dipped into the spot market. 

Import offers are said to be more competitive of late, with HRC offered below the €400 a ton mark, CIF Italy. 

Delivery lead-times for import material continues to be a deterrent, however. In Northern Europe, asking prices were largely unchanged, between €440-450 a ton.