• Southern European HRC Steel prices up to €382 per ton

    UNITED KINGDOM November 15 2016 3:45 PM

    LONDON (Scrap Register): The Southern European hot rolled cold (HRC) steel prices up by €2 a ton week-on-week to €382 a ton during the week ended September 02, as per the latest figures from the Steel Index.

    For Live US Steel Scrap Prices Log on to Scrap Register

    However, the North European HRC index ticked up to €428 a ton as more transactions were concluded this week nearer to the €430/t mark. This seems to be a temporary stop-off point, as buyers commented on the likelihood of €10-20 a ton spot price increases in the near term.

    These expectations were confirmed by ArcelorMittal, which, as reported by S&P Global Platts, increased its coil prices by €40 a ton.

    Italian buyers started to return to the market this week and HRC transactions were reported to be done at a pre-holiday level of €380 a ton, although many anticipate spot prices increasing to at least €400 a ton for HRC.

    (This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

    comments powered by Disqus
    Get authentic scrap prices from ScrapRegister!