Following a downturn in April and end-March, the European HRC market continued to decrease in Italy in the week ending 15 April due to weak demand, while an increase was observed in Germany.
According to SteelRadar data, Germany's HRC market, which dropped by a total of EUR 35 to EUR 655 as of 1 April, gained EUR 10 to EUR 665 as of 15 April, while the CRC market remained steady at EUR 735. As SteelRadar reported, sources emphasized that production cuts and blast furnace shutdowns may prevent the price decrease, while this week's production cut by Thyssenkrupp, which is important for the German steel industry, is said to have had an impact on HRC and other steel product market prices.
Spain's HRC market has been stable for a long time, trading at EUR 730, while Italy's HRC market, which continues to decrease, is currently at EUR 635.
According to SteelRadar data, Italy's HRC market, which decreasedby EUR 10 on 8 April, dropped by another EUR 10 on 15 April to stand at EUR 635. The CRC market in Southern Europe has been stable for a long time, with stable prices of EUR 813 in Spain and EUR 735 in Italy.
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