In the HRC market, there have been significant offers and transactions in recent days. In Northwestern Europe, a limited number of transactions occurred in the €640–660/t range, while Italian producers offered prices around €630–650/t. Despite the price increase, optimism among market participants for the upcoming period has started to decline. On the import front, the absence of competitive offers supports EU domestic prices. Key factors affecting the market include global protectionism concerns, an uncertain steel demand outlook, and the potential impacts of US tariffs. These uncertainties are causing buyers to avoid large purchases.
Türkiye’s CFR Italy prices are set in the €580–600/t range, providing an important alternative for the European HRC market. HRC prices in Northern Europe are offered in the €645–655/t range, while in Italy, they have settled at €620–630/t. In Spain, slightly higher levels of €640–660/t have been quoted compared to other regions.
Indonesia is expanding the competitive landscape by offering HRC prices in the €570–580/t range for CFR Italy. These offers reflect Indonesia’s goal of increasing its presence in the European market. India, meanwhile, successfully made an HRC sale in the €570–580/t range for CFR Italy. This development strengthens India’s influence in the European market.
Activity in the HRC market is becoming a crucial factor influencing strategic decision-making processes for buyers and suppliers. Sources speaking to SteelRadar are closely monitoring the impact of price movements and transactions on international trade dynamics.
CRC prices are trending at €740–750/t in Northern Europe, and at €740–750/t and €730–750/t in Italy and Spain, respectively. CRC prices have shown a relatively stable trend.
Hot Rolled Plate (HRP) prices are at €680–700/t in Northern Europe, while in Italy and Spain, they are offered in the €650–660/t range.
Rebar prices range between €640–670/t in Northern Europe, with prices in Italy and Spain fluctuating between €600–620/t and €620–640/t, respectively.
Wire Rod prices are stable at €630–635/t in Northern Europe, while in Italy, the product is offered in the €600–620/t range. In Spain, offers range between €620–640/t. Buyers’ wait-and-see approach is limiting activity in this segment.
Pipe and profile prices have continued to follow a stable trend in recent days. Despite the upward pressure from raw material prices, the current lack of demand in the market is preventing these increases from being reflected in the prices. Producers are struggling to raise prices due to the stagnation in demand, even though raw material costs are rising. Seamless pipe prices for European producers are set at an average of €1200/t, while for Chinese producers, the price range is €750–1000/t. Welded pipe and hollow section prices, on the other hand, are averaging €650–700/t for European producers.
As of April, the European steel market is following a cautious trend. Suppliers are inclined to maintain prices, while buyers have not shown clear demand. The direction of the market may become more defined with the AU-US trade negotiations and summer ordering trends.
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