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Steel & Metal
- Norway -

European HRC Prices Flat in Quiet Market

European hot-rolled coil (HRC) prices remained steady in a quiet market as of December 13, 2024. Despite a slight increase in sales ahead of the winter holidays, prices stayed below target offers. The market saw offers for HRC with lead times in the first quarter of 2025 ranging from €570 to €600 per tonne ex-works in Northern Europe.

However, no contracts starting with a ‘6’ were reported. The market mood remains depressed, particularly in Germany, where many companies are announcing layoffs. Fierce competition among steel service centers due to high inventories and cash flow needs is also contributing to the stagnant prices.

Vale to Launch Expansion of Carajás Iron Ore Production

Global Scrap Prices Recover by 1.5-2% Since the Beginning of the Year

Salzgitter's EBITDA for FY2024 Exceeds Expectations

Czestochowa-Based Pipe Producer Rurexpol Suspends Production

Ferroalloy Plants Produced 108,000 Tons of Products in 2024

NLMK Enhances Slab Quality with Upgrades

German Scrap Prices Surge Amid Rising Demand and Exports

West Europe Scrap Prices Rise Amid Shortages, Positive Outlook

Metinvest Boosts Pellet Output to Meet European Demand

ArcelorMittal Considers Transferring European Activities to India

Russia Reduces Stainless Steel Production in 2024

Countries Urged to Address Steel Overcapacity with US and UK Collaboration

EU Domestic HRC Prices Rise Amid Industry Reaction to US Tariffs

HRC Prices in Europe Hold Steady; Buyers Cautious