چهارشنبه, ۸ بهمن , ۱۳۹۹ 14 جماد ثاني 1442 Wednesday, 27 January , 2021 ساعت ×

EUROPEAN HRC : Domestic prices continue to rise on tight supplies

شناسه : 35696 ۱۶ آذر ۱۳۹۹ - ۱۲:۲۷
Domestic hot rolled sheet prices rose in northern Europe on December 1 due to a shortage of materials.
EUROPEAN HRC : Domestic prices continue to rise on tight supplies
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Domestic European HRC prices in North went up day on day on Tuesday December 1, due to a shortage of material, sources told Fastmarkets.

*** European HRC

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at €۵۶۳٫۷۵ ($۶۷۱٫۲۶) per tonne on Tuesday, up by €۲٫۶۰ per tonne from €۵۶۱٫۱۵ per tonne on November 30.
The index was up by €۱۸٫۷۰ per tonne week on week and €۵۸٫۷۵ per tonne month on month.
Tuesday’s index was based on achievable prices heard at €۵۶۰-۵۷۰ per tonne ex-works.
Official offers from most mills have been heard at €۶۰۰ per tonne ex-works. And one producer has been reported pushing offers up to €۶۳۰-۶۵۰ per tonne ex-works. These offers were not included in the index calculation, however, because no deals were confirmed at those prices and buyers viewed them as an indication that mills were simply seeking higher prices rather than reflecting the actual market level.

*** European HRC South

In Southern Europe, Italian mills have been offering HRC at €۵۵۰-۵۷۰ per tonne ex-works, sources said.
Buyers have been struggling to source material from domestic producers and overseas suppliers, according to market participants.
Northern European mills have sold out of first-quarter rolling HRC and Italian producers have been offering March shipment at the earliest, according to sources.

***European safeguard measures

No competitive import offers have been heard, with the availability of overseas coil reduced by European safeguard measures and the beginning of registration for Turkish HRC imports, which could result in retroactive anti-dumping duties.
Market participants do not expect the shortage of material to end anytime soon and expect it to continue through the first three months of 2021, with demand remaining strong due to low stocks.

Reference: metal bulletin

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