Trading activity in the European flat steel market has been slack since mid-October, while recently most market players have been on holiday. This week, the holidays have mostly ended and demand has started to recover with buyers and sellers returning to the market.
Over the past week, prices in the local European flat steel market have remained stable, with hot rolled coil (HRC) prices standing at €520-600/mt ($546-630/mt), cold rolled coil (CRC) prices at €650-720/mt ($683-756/mt) and hot dip galvanized product offers at €640-720/mt ($672-756/mt), all ex-works.
€1 = $1.05