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South European HRC prices hover at low levels in July

South European HR coil prices hovered at low levels during July, as purchasing activity decreased significantly and only minimal orders to cover immediate needs were placed by buyers.

By July-end, offers from the Italian mills reportedly stood in the €405-415 a ton range.

Data from the German Association of Steel Distribution (BDS) showed that in June there was a slight increase in flat steel stocks to 1600kt (+1.1% m-o-m).

Stocks of long steel products declined by –3.8% m-o-m to 900kt. Distributors’ sales grew to 928kt (+0.5% m-o-m).

Source:Scrap Register

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