EUROPE HRC: Domestic prices remain under pressure from slow trading

Sentiment in the European hot-rolled coil (HRC) market has remained negative this week due to limited trading across the region, sources told Fastmarkets.

In addition, domestic HRC prices in the south have also been under downward pressure from declining prices for material imported from Turkey. Southern Europe Fastmarkets’ domestic price assessment for HRC in Southern Europe was €470-520 ($532-588) per tonne ex-works on Wednesday November 28, compared with €475-525 per tonne ex-works a week earlier.  Italian mills were reported to be offering the material at €470-480 per tonne ex-works, while the upper end of the assessment reflected offers in Spain. “Buyers [in Southern Europe] have high stocks and as it is unclear when the falling prices might [bring an end to] buyers preferring to wait before making new deals,” an Italian trader said. Fastmarkets’ weekly import price assessment for HRC...

Published

Maria Tanatar

November 29, 2018

13:51 GMT

Dnepr