Northern Europe HRC Steel prices advance to €410 per ton

Northern Europe HRC Steel prices advance to €410 per ton

Northern Europe hot rolled cold (HRC) steel prices advanced by €3 per ton week-on-week to €410 per ton in the week ended December 05, as per the latest figures released by The Steel Index.

European steel benchmark indices painted a divergent picture this week as North European markets maintained the stability they have shown for much of the past four weeks.

Participants noted little change in HR coil spot prices from previous levels at around €410 per ton ex-works. TSI’s index firmed €3/t during the week to €410/t after reaching a nadir last week.

South European HR coil prices have flirted with the €400/t resistance level for some time now and spot prices fell through that floor on Thursday as TSI’s index slipped -€5/t to €396/t ex-works, the first sub-400 index for almost five years.

 

www: www.scrapregister.com

Copyright © 2018 www.steeleaglemalta.com. All Rights Reserved. 

Facebook IconVisit Our VK page