HRC prices in Germany remained at previous levels despite the low import quotas announced this week. HRC prices were offered at €630-640/t for May delivery, but no agreement has been reached yet. HRC prices of Spain were quoted between €620-640/t and Southern Europe/Italy between €600-620/t. Although the reduction in import quotas has not fully satisfied market expectations, it is expected to support prices in the long run. Experts believe that this may help to reduce the imbalances in the market over time and contribute to more stable product prices.
CRC prices are trading at €720-730/t in Germany, €720-730/t in Spain and €710-720/t in Italy. Slab prices ranged between €640-650/t in Germany and €640-650/t in Spain and Italy. On the other hand, slab prices were offered at $520-540/t CIF in Italy.
In the heavy plate market, prices remained stable at around €690/t in Northwest Europe, while they were offered around €645-655/t in Italy, indicating that Italian producers are following a more competitive pricing strategy.
Rebar prices in Europe increased in the first half of March due to higher demand. Rebar prices in Germany were in the €630-650/t range, while deals above €650/t were heard in the market. Rebar prices were reported to be trading at €620-640/t in Spain and €610-630/t in Italy. According to sources speaking to SteelRadar, the improved demand balance in Europe has had an impact on production processes and product costs. These developments supported the upward trend in prices in the European region, allowing producers to increase their profit margins. Market sources emphasized that if this trend continues, a more consistent price structure may emerge in European markets.
Wire rod prices are in the range of €610-630/t in Germany and €600-620/t in Italy. In addition, hot rolled plate (HRP) prices in Northern Europe were trading at €690-700/t, compared to €660-680/t in Germany and €640-650/t in Italy and Spain. These price differences were reported to be a reflection of changes in regional demand and supply conditions.
In general terms, the European Union's review of safeguard measures is affecting market balances, while the revival in the construction sector is boosting demand. According to market sources, the improvement in the demand-supply balance has a positive impact on production processes and product costs. This situation allows European steel producers to increase their profit margins.Increase in rebar prices in the first half of March is considered as an indicator of the positive atmosphere in the sector. Experts expect a more stable price structure in European markets if this trend continues.
However, uncertainties over safeguard measures and rising price expectations are likely to continue to shape the future of the market. Industry players will closely monitor these dynamics and determine their strategies in the coming period. In conclusion, as the European steel market enters a new era with the impact of increasing demand and changing regulations, the course of prices will continue to be the focus of market players.
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