Tag Archives: HRC
In March this year, Turkey’s total hot rolled coil (HRC) exports decreased by 10.6 percent year on year to 127,159 metric tons, while increasing 137.8 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $56.5 million, declining by 32 percent year […]
Traders in the local Turkish spot market have decreased their offers for hot rolled coil (HRC) and hot rolled pickled and oiled coils (HR P&O). However, market players expect further price reduction in the coming days. Since the cash flow in the market has decreased due to the US dollar maintaining its strength against the […]
Global steel giant ArcelorMittal has announced that its European unit is providing 310,000 mt of hot rolled coils (HRC) from its production site in Bremen, Germany, more than one third of all the hot rolled coils needed for the Trans Anatolian Natural Gas Pipeline (TANAP) project. This is the largest order ever placed with ArcelorMittal […]
Demand, or a lack thereof, finally caught up with reality and HRC prices have crashed down to earth, dropping about $160/mt in the process. A lot of the earlier, pent-up demand happened because of “restocking” inventory. Guess what? Latest surveys of steel consumers show a high inventory level.