Prices for hot-rolled steel coils (HRC) in the domestic market of Northern Europe and Italy remained generally stable on Wednesday, August 12. Against the background of the traditional summer lull, trading was conducted in limited volumes, Fastmarkets sources said. . . In Italy, sources said that prices did not change, since most suppliers left the market in August.
"In addition, we have withdrawn from the market at the moment, and the next delivery from Italy is expected in October or even November, depending on the product and specification," a source at the manufacturing company said on Wednesday, adding that activity in Italy was almost zero, as usual during this period. A customer source
He named an acceptable level of 700-720 euros per ton on exw terms, which coincides with the range of offers and benchmarks noted on August 11, when it became known that the plants were counting on 720 euros per ton of exw. Daily hot rolled steel roll price index
Fastmarkets in the Italian domestic market, calculated on August 12, amounted to 713.75 euros per ton, unchanged from the previous day.
The index rose by 4.75 euros per tonne over the week and by 20.69 euros per tonne over the month.
The latest data on HRC imports to Southern Europe included a deal with Egypt at a price of $750 per ton CFR for small volume orders, while material of the same origin was offered at $760 per ton CFR, including a duty of $30 under the CBAM mechanism.
On Wednesday, a lower supply of 600-620 euros per ton of CFR was also reported, but the sources could not confirm the origin of the material. Weekly price assessment
Fastmarkets' cost of importing hot-rolled coils to Southern Europe on CFR terms through the main port was 565-600 euros per ton, unchanged from the previous week.
In Northern Europe, the market was very quiet on Wednesday as many participants were on vacation. A source in the purchasing company said that on August 12, the prices fixed on August 11, 715-720 euros per ton of exw, were moved to the next acceptable level.On Tuesday, February 23, a deal was announced for October delivery at a price of 705-715 euros per ton of exw; it was included in the index because, according to sources, the material for September supplies was already unavailable.
On the same day, achievable levels of 710-730 euros per ton of exw were reported, while offers were 715-730 euros per ton of exw. The daily Fastmarkets hot-rolled steel roll price index for sales in the domestic market of Northern Europe, calculated on August 12, amounted to 717.00 euros per ton, which is 0.12 euros higher than 716.88 euros per ton on August 11.The index rose by 0.33 euros per tonne over the week and by 12 euros per tonne over the month.– Vlada Novokreschenova from Dnipro contributed to this article.