HRC prices rise further in European market

Friday, 17 January 2020 17:54:37 (GMT+3)   |   Brescia
       

Hot rolled coil (HRC) prices have continued to increase in the European market, after ArcelorMittal announced prices of €480/mt and €500/mt for Italy and northern Europe respectively early this week. Compared to January 13, transaction prices have increased by €10/mt in the Italian market, to €440/mt ex-works. However, according to market sources, Italian steelmakers Arvedi and Marcegaglia have raised their offers to €460-465/mt ex-works this week. Meanwhile, HRC prices have increased by €5/mt on average in northern Europe, reaching €445/mt ex-works. Lead times have extended into April across Europe. Local HRC prices have been supported by high import offers, firm iron ore prices and decent restocking activities, especially in northern Europe, while consumption in the downstream markets is described as "normal". Market sources believe that the latest price increases by European producers will be absorbed in the coming weeks.


Tags: Hrc Flats Europe 

Similar articles

Ex-China steel plate prices continue their downtrend

18 Mar | Flats and Slab

Local Indian HRC prices stable but discounts deepen amid political uncertainty

18 Mar | Flats and Slab

Major steel and raw material futures prices in China – March 18, 2024 

18 Mar | Longs and Billet

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Major steel and raw material futures prices in China - March 15, 2024

15 Mar | Longs and Billet

Global View on HRC: Most global sellers still negative on prices, trade remains limited

15 Mar | Flats and Slab

HRC prices fall in all segments in Turkey, suppliers under pressure

15 Mar | Flats and Slab

Romanian flats spot prices stable as demand remains encouraging

15 Mar | Flats and Slab

Chinese domestic PPGI prices move down further

15 Mar | Flats and Slab

US HRC exports down 3.4 percent in January

14 Mar | Steel News