Home / Metals / Southern European HRC Steel prices decline sharply to below €400 per ton mark
Stainless Steel Flanges

Southern European HRC Steel prices decline sharply to below €400 per ton mark

Southern European hot rolled cold (HRC) steel prices declined sharply by €9 per ton week-on-week to €395 per ton in the week ended February 27, as per the latest figures released by The Steel Index.
 
In Southern Europe producers’ offers stood in the €395-405 a ton range, with larger-volume transactions concentrated near the €395 a ton mark. 
 
Meanwhile, Feb 2015 and Feb-Jun 2015 Northern European HRC swaps, priced at €410 a ton and €411 a ton respectively, cleared on LCH. Clearnet (basis TSI).
 
For Live US Steel Scrap Prices Log on to Scrap Register
 
In Northern Europe buyers used the lack of purchasing activity in the market to their advantage as they bargained for lower priced deals this week. 
 
Steel producers on the other hand attempted to push through planned increases for Q2 orders but faced difficulties in doing so.
 

What culminated were HRC offers near the €410 a ton mark, but some deals concluding closer to €400 a ton, lowering TSI’s benchmark index to €405 a ton by the end of the week.

Source:Scrap Register

Zhejiang Yaang Pipe Industry Co., Limited

About www.nctv.net

www.yaang.com provide a wide range of steel products as Steel pipe, Steel pipes and seamless pipes, Alloy pipes, Pipe fittings, Composite steel pipe used in the industry, construction etc.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Scroll To Top