European Hot-Rolled Coil prices remain stable in slow market

European domestic prices for hot-rolled coil remained stable July 11 as market activity remained low due to summer holidays in most northwest European countries.

“There have been no changes compared to last week,” a service center source said. “Now summer break season started and no movement in the market.”

A trader source said the market was quiet with low demand, and expected there would not be any significant changes any time soon.

Platts assessed Northwest European HRC stable on the day at Eur625/mt ex-works Ruhr on July 11.

A deal for 100-120 mt was heard at Eur620-630/mt exw Ruhr, and tradable values were also heard at the same levels.

Offers were heard at Eur650-670/mt exw Ruhr.

Meanwhile, Platts assessed domestic HRC prices in Southern Europe stable on the day at Eur625/mt exw Italy.

Tradable values were heard at Eur620-625/mt exw Italy.

Buying interest for carbon-accounted HRC was heard still muted as well, with tradable values for premium in a range of Eur100-150/mt for variable CO2 emission levels and scopes. Platts assessed the carbon-accounted premium for HRC in Europe stable on the day at Eur125/mt July 11.

Meanwhile, Platts assessed imported HRC in Northwest Europe stable on the day at Eur595/mt CIF Antwerp.

Offers were reported at Eur595-600/mt CIF Antwerp for material originating from Japan.

Platts assessed imported HRC in South Europe stable at Eur600/mt CIF Italy, down Eur5 on the day.

Offers were reported at Eur600/mt CIF Italy for material originating from Indonesia and at Eur610/mt CIF Italy, including anti-dumping duties, for material originating from Turkey.

Platts is part of S&P Global Commodity Insights.

Devbrat Saha


spglobal.com