EUROPE HRC: Domestic prices to remain stable until late Q1

Domestic prices for hot-rolled coil (HRC) in the EU are likely to remain largely unchanged until late in the first quarter of next year, market sources have told Metal Bulletin.

In the meantime, domestic mills continue to issue higher official offer prices.
Metal Bulletin’s weekly domestic price assessment for HRC in Northern Europe was €520-540 ($616-640) per tonne ex-works on Wednesday December 6, compared with €530-540 per tonne ex-works a week earlier.
The assessment reflected deals and “workable” prices heard in the market, while official offers have been reported at €540-560 per tonne ex-works.
“It seems that mills will officially target a €30 per tonne price increase, but the maximum achievable rise is €20 per tonne by the end of the first quarter,” a Northern European trader said.

Such a rise would be...

Published

Maria Tanatar

December 06, 2017

15:25 GMT

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