Weak demand in Greek HRC market

SteelOrbis has learned from market sources that import hot rolled coil (HRC) prices in Greece have remained stable over the past week. The transaction volume is low due to poor demand, while buyers hesitate to conclude even small-volume purchases.
 
Ukrainian March production HRC offers to Greece are still at $575-580/mt FOB, while ex-Egypt offers to the country stand at $640-645/mt FOB for April rolling HRC. In the meantime, Russian HRC offers to Greece for March-April output are at $620-625/mt FOB, while Turkish HRC offers can be found at the range of $620-630/mt FOB for April-May production. All the prices are for advance payment and exclude VAT.