EUROPE HRC: Number of offers, volumes remain limited

June 23, 2021 / www.metalbulletin.com / Article Link

Domestic prices for hot-rolled coil in Europe remained in a wide range on Tuesday June 22, with some buyers ready to accept high prices for material with shorter lead times, sources told Fastmarkets.

Northern European steelmakers have been reported to have good order books, and they have been holding back from making official offers. The region's mills were sold out of HRC until fourth-quarter rolling, market sources said.
Two sources, however, said that producers were ready to accept prices of ?,?1,130 ($1,344) per tonne ex-works.
Market sources said that steelmakers have focused on specific inquiries from buyers rather than offering to all customers.

As...

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok