EUROPE HRC: Domestic prices largely steady despite poor demand

The domestic prices for hot-rolled coil (HRC) in Europe have been largely stable over the past week amid a slow market, sources told Fastmarkets.

While the relatively high import offers are partially compensating for the negative impact arising from slow trading, the situation might change if non-EU suppliers, particularly Turkish mills, decrease their prices, market sources said. Southern Europe After the significant drop in domestic prices, which was triggered by Italian steelmaker Arvedi reducing its HRC offer prices, the market has not moved further down. Fastmarkets’ weekly price assessment for domestic HRC in Southern Europe was €460-490 ($518-550) per tonne ex-works on Wednesday April 3, widening up on the high end from €460-480 per tonne ex-works a week earlier. Italian steelmakers were reportedly offering the material at €460-475 per tonne ex-works, while domestic offers in Spain...

Published

Maria Tanatar

April 04, 2019

10:45 GMT

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