European HRC factories continue to raise prices, but buyers are cautious amid CBAM and import market turmoil
The European hot rolled roll (HRC) market remains in limbo as both buyers and sellers continue to assess the direction of future price trends. Many market participants have adopted a cautious wait-and-see attitude, closely monitoring the timing and details of the implementation of the Carbon Dioxide Emissions Control Mechanism (CBAM) and upcoming EU protective measures before making decisions on future orders.
In particular, it is reported that local plants in Northern Europe are counting on new orders for delivery in December at a price of 620-640 euros per ton, which is 10 euros more than in the previous month, and some even by 640 euros per ton. for delivery in January. However, the price levels available for trading are estimated at 580-590 euros per tonne from the plant in northern Europe, as it was last week, and it is reported that several deals were concluded this week at the above levels.
Meanwhile, in Italy, HRC offers from factories for December delivery were estimated at 600-610 euros per tonne from the manufacturer, compared with 590-610 euros per tonne from the manufacturer last week, while the market price level settled at 570-580 euros per tonne from the manufacturer versus 560-580 euros per tonne. a ton from the manufacturer last week неделе.mt She quit last week. In addition, according to sources, several deals were concluded this week at a price of 600-610 euros per ton.
"European HRC manufacturers continue to gradually raise volume prices in the first quarter. Buyers, however, are doubtful about the scale and sustainability of this growth, given the constant lack of real demand in the market," said a SteelOrbis market insider.
At the same time, the import segment remains unorganized, offers are received on mixed terms – some include the cost of CBAM, others exclude it, and prices are presented on different grounds, such as CFR or even DDP. This discrepancy makes it difficult for market participants to determine any firm or reliable price guidance, adding additional uncertainty to an already fragile market environment.
More specifically, according to market insiders, a 20,000-ton deal was signed in Spain this week with Indonesian producer HRC at a price of $582 per ton per day, or about 502 euros per ton per day. In addition, it is reported that another deal was signed in Italy with the Indonesian company HRC for 40,000 tons at a price of 465-470 euros per ton CFR, excluding CBAM, but, according to the source, "If this deal takes place, the buyer will not take risks, and CBAM will be paid by the seller on time."". the end"
.Meanwhile, offers were received at a price of $575 per ton CFR from ex — India HRC without CBAM, or about €495 per ton CFR. However, it was also