SteelOrbis has learned from market sources that, contrary to expectations for the overall European market, not even a slight recovery is expected in the Greek flat rolled market in 2014. It is thought that trading activity and end-user demand are unlikely to improve despite efforts which may be made to boost the economy.
Meanwhile, import hot rolled coil (HRC) offers to Greece are following the global price trend. Import HRC offers to Greece from India are at $585/mt CIF, HRC offers from Egypt are at $560–570/mt FOB, while offers from Turkey are at $575–585/mt FOB.