Southern Europe hot rolled cold (HRC) steel import prices remained flat weak-on-week at €386 per ton in the week ended January 02, as per the latest figures released by the The Steel Index.
According to TSI, European steel markets were unsurprisingly quiet last week with most participants enjoying the season’s festivities.
However, HRC prices in Northern Europe hit a 12-month low in December, though the benchmark index was fairly range-bound throughout the final month.
European steel producers will be hoping this marks the end of a gradual decline in spot prices but stable raw materials costs and weakness in finished steel prices globally may limit any significant price recovery.
Zhejiang Yaang Pipe Industry Co., Limited