Import hot rolled coil (HRC) prices in Greece have been stable since last week, while demand is still weak. Market sources indicate that there is a lack of cash flow in the market and the export markets are the only option to keep conducting business. Meanwhile, there are trust issues in the local market, and market players are deciding to conclude deals when they believe they will not be affected by such issues.
HRC import offers from Ukraine to Greece are still standing at $540/mt FOB for January production, while Romanian January output HRC offers to the country are at $580-585/mt CIF. Both offers exclude VAT and are for advance payments.