CRC and HDG prices in Europe rise steadily following higher HRC quotes, though trade remains limited

Friday, 02 February 2024 16:40:45 (GMT+3)   |   Istanbul
       

Domestic prices for cold rolled (CRC) and hot dip galvanized coils (HDG) in Europe have once again increased over the past two weeks. However, according to sources, trade activity has remained rather moderate, as most distributors have kept restocking to limited volumes given their already high level of stocks. Import offers for CRC and HDG have remained relatively unchanged over the past week, with only occasional deals reported in the market.

More specifically, in the domestic CRC market in the EU, tradable prices have increased by around €15-25/mt over the past two weeks to €840-850/mt ex-works in Italy and to €840-860/mt ex-works in northern Europe. At the same time, European mills have been giving higher offers CRC at €850-870/mt ex-works for March delivery in Italy and at €860-900/mt ex-works for April delivery in the north.

At the same time, import prices for CRC mainly for Asian origin have been voiced at €750-765/mt CFR, depending on the origin and destination, mainly the same as two weeks ago.

In the HDG segment, domestic prices from mills have been voiced at around €880-920/mt ex-works in northern Europe, while mills in Italy have been targeting €870-890/mt ex-works, up by around €20/mt over the past two weeks. However, the tradable level for HDG have been estimated at €860-870/mt ex-works in both regions, against €830-840/mt ex-works two weeks ago.

In the import segment, trade has been limited, with offers for ex-Asia HDG Z120 have been voiced at €820-850/mt CFR, up by €5/mt on the lower end of range over the past two weeks.


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