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Steel & Metal
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European Hot-Rolled Coil Prices Remain Stable in Slow Market

European domestic prices for hot-rolled coil remained stable on July 11, as market activity slowed due to the summer holidays in most northwest European countries. According to a service center source, there have been no changes compared to the previous week, with the summer break season contributing to the lack of movement in the market. A trader source also noted the quiet market and low demand, with no significant changes expected in the near future. Platts assessed Northwest European HRC prices at €625/mt ex-works Ruhr, with deals heard at €620-630/mt ex-works Ruhr. Offers were reported at €650-670/mt ex-works Ruhr. In Southern Europe, domestic HRC prices were stable at €625/mt ex-works Italy, with tradable values at €620-625/mt ex-works Italy. The market for carbon-accounted HRC remained muted, with tradable values for the premium ranging from €100-150/mt. Imported HRC prices in Northwest Europe were stable at €595/mt CIF Antwerp, with offers from Japan at €595-600/mt CIF Antwerp. In Southern Europe, imported HRC prices were stable at €600/mt CIF Italy, with offers from Indonesia and Turkey.

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