Hot Rolled Coil (HRC) price in Europe (EU) market continues to slow down and many buyers expect the price to fall further more. Therefore, most of reservation has been delayed, caused a negative trend in the fourth quarter of 2019.
In particular, as Fastmarkets’ weekly price assessment for domestic HRC, EXW in Northern Europe was €450-460 ($491-502) per ton on September 25, down by €5-10 per ton in week and down by €30-35 since the beginning of the third quarter 2019. Besides that, EXW in Southern Europe was €420-440 per ton on September 25, down by €10 per ton in week and down by €45-50 per ton since the beginning of July.
The lower end of the assessment represented in Italy while the upper end reflected prices in Spain. Currently HRC steel prices imported to Italy are lower than domestic mills. Domestic suppliers try to stabilize market share and operate at full capacity to produce HRC steel in October 2019.
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