In the Greek flat steel market, stockists indicate that domestic demand is still weak, due to the economical crisis in the country, and that local hot rolled coil (HRC) prices are higher than import offer prices.
Due to slow demand, HRC imports to Greece are also sluggish. SteelOrbis has learned from market sources that some low volume HRC transactions have been concluded from Ukraine, while current Ukrainian HRC offers to the Greek market are at $740-750/mt CFR level.