According to market sources, demand in the local
UK market for hot rolled coil (
HRC) is currently weak. Ahead of the summer holidays, very competitive prices have been observed in the local
UK HRC market. Prices of S275JR grade
HRC have declined by GBP 15/mt ($23/mt) over the past two weeks to the range of GBP 295/mt ($454/mt) ex-works, excluding 20 percent VAT and for September delivery.
GBP 1 = $1.54