Home > Steel Prices > Steel Price Analyses > Flats and Slab > Global...

Global downtrend also impacts Spanish flats steel market

Thursday, 16 May 2013 16:56:20 (GMT+3) | Istanbul

Demand is still sluggish in the Spanish flat steel market, while local prices have declined by €5/mt ($6/mt) during the past week and import quotations have indicated a decrease of €10/mt ($13/mt) over the same period amid the softening trend in the global markets.

Accordingly, domestic hot rolled coil (HRC) prices are now standing at €465-475/mt ($600-613/mt) ex-works, while domestic cold rolled coil (CRC) offers are at €540-550/mt ($697-710/mt) ex-works and local hot dip galvanized prices are at €540-550/mt ($697-710/mt) ex-works - all for June production.

On the other hand, import offers from Brazil, India, China and the Middle East to Spain for June rolling can be found at €470-480/mt ($606-619/mt) CIF for HRC, €535-545/mt ($690-703/mt) CIF for CRC and €500-510/mt ($645-658/mt) for HR P&O.

€1 = $1.29

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.