Since early November, the steelmaker has applied an increase to its HRC offers as international prices have recovered, raw material costs have increased and the order book looks better until 2024.
This week, market sources reported that the mill offered HRC to the German market at €750/ton ($823) ex-works. In the Italian market, offers are standing at €740/t ex-works. These latest offer levels represent an increase of around €20-30/t from the previous levels seen in early December and a hike of more than €100/t since the uptrend started in late October.
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