Suppliers of hot-rolled rolled steel (HRC) from Europe continued to push for higher prices on Monday, September 7, amid limited supplies from some factories and increased buyer caution regarding imported materials. . . . However, purchases were limited on September 7, as the prices of the tapes, especially in Italy, were still low. ,
,Supply activity in the Italian market remained insignificant. According to a company source, despite the resumption of work after the engine failure, Metinvest's Ferriera Valsider has not yet resumed accepting offers.
At the same time, the steel mill d'Italia (Adi) is likely to be forced to stop metallurgy in October by a decision of the Milan Court of Appeal issued on August 27.
This wanted to leave Italy with only one hot-rolled coil supplier, who hoped to achieve a price of €750 ($872) per ton delivered, €730 per ton Ex-work.
Estimates of market prices from market sources sounded at €720-730 per ton of Ex-work, while black list sales prices were heard at €820-830 per ton of delivered, weaving back to €800-810 per ton of Ex-work.
Nevertheless, given the limited supply coils, sources in the market are expected to show a rise in prices this week.
"It looks like the uptrend will continue to strengthen throughout September and into the fourth quarter," the Italian HRC producer said, "not confirming bullish sentiment is justified by market proposals where the priority for all market participants will be to ensure volumes before talking about prices."
Fastmarkets daily hot-rolled steel coil index domestic, EXW in Italy, was calculated at €727.50 per tonne on September 7, up by €4.79 from €722.71 per tonne on September 4. Index
The
increased by €10 per tonne week-on-week and by €18.75 per tonne compared to the previous month.The Northern European market was relatively calm during the day.
Suppliers hopes to reach €760-790 per tonne, the supply of materials from the factory is scheduled for October-November, with reasonable prices indicated at 740-760 euros per tonne from the factory. Daily hot-rolled steel price index
Calculated by Fastmarkets for sale in Northern Europe, it amounted to 742.50 euros per tonne on September 7, down by 6.25 euros per tonne from 748.75 euros per tonne on September 4. Index
It increased by 1.25 euros per ton for the week and by 25.00 euros per ton for the week. Per ton from month to month. On accessibility
The region has been affected by maintenance work on thyssenkrupp's largest blast furnace, which will last until about mid-October. Activity in the import sector was also limited, as customers were wary of protective quotas.