EUROPE HRC: Prices stable in the north, up in the south

Domestic prices for hot-rolled coil in Southern Europe have moved up due to reduced output and a rise in import offers, sources told Fastmarkets on Tuesday November 19.

At the same time, Northern European transaction prices have been largely stable after the region’s steelmakers announced a price rise at the end of last week.
Southern Europe
Southern European mills have been targeting prices of €400-420 ($443-465) per tonne ex-works, with deals reported at €400-405 per tonne ex-works.
This compared with Fastmarkets’ latest weekly price assessment for steel HRC, domestic, exw Southern Europe, at €390-400 per tonne on November 13.
The price rise was supported by reduced output from the local steelmakers and a rise in import offers, particularly for material from Turkey, the main overseas supplier of HRC to Europe.

Published

Maria Tanatar

November 19, 2019

14:58 GMT

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