At the beginning of March, HRC prices were announced as 820 euros in Germany, 810 euros in Italy and 815 euros in Spain.
In the first week of March, there was an optimistic mood in HRC
In the first week of March, sources in the market reported that they expected a gradual increase as buyers started to stock and this expectation caused an optimistic atmosphere in the HRC market.
In the second week of March, prices increased in Germany and Spain, while prices remained stable in Italy
In the second week of March, HRC prices increased to 830 euros in Germany and 855 euros in Spain, while prices in Italy remained stable.
The upward trend in the European HRC market continued in the last week
The upward trend in the European HRC market continued in the last week. According to the data of the last week, it was noted that there were significant increases in prices in the European HRC market. Looking at the prices announced this week, it is seen that the HRC price in Germany increased by 20 euros to 850 euros. In Italy, the price of HRC increased by 45 euros to 855 euros. It was noted that in Spain, the price of HRC increased by 40 euros per week to 895 euros.
Long product prices remained flat due to insufficient demand
European long product prices have been affected by the uncertainty in the market since the beginning of March. Insufficient demand and uncertainty have caused wire rod prices in Europe to remain almost flat.
Wire rod prices decreased in Italy but increased in Poland
According to the market representatives, although it was reported that they expected an increase in wire rod prices in Italy, the expected price increase has not occurred yet.
The wire rod price, which was announced as 685 euros in Italy in the first week of March, decreased to 680 euros in the new week. Despite the decrease in Italian wire rod prices, wire rod, which was announced as 720 euros in Poland at the beginning of March, increased to 730 euros this week. Despite the price increase, it is among the information obtained that the demand is insufficient.
Rebar prices flat in Germany and Spain
Rebar prices, which were announced as 720 euros in Germany and 745 euros in Spain in the first week of March, remained flat.
Rebar prices fluctuated in Italy
In Italy, the price announced as 695 euros decreased to 690 euros in the second week, but increased to 695 euros again this week.
While rebar prices in Italy remained almost stable last week due to weak demand, sources in the market share different views on how the prices will change next week.
According to foreign market experts, while they expect an increase in prices, some stated that they think that demand will not support price increases.
This week, it was among the information obtained that there was no demand in the market to support price increases. It was stated that the Italian government's statement that it would reduce its energy support to the sector from the beginning of April led to the expectation that rebar prices in Italy would increase in the coming weeks.
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