Steel profile prices in Europe remain stable while hot rolled raw material costs are rising. Hot rolled coil prices are increasing in Europe due to costs. However, price increases are not expected to be sustainable without an increase in end-user demand.
Although profile prices in Europe are quoted at €810, traded prices vary between €750-800 ($817-872) depending on the region.
Hot rolled raw material prices have increased significantly over the past month, with hot rolled sellers saying that the upward movement in the market has been supported by rising costs and reduced supply levels, market representatives said.
HRC prices from Northern Europe are trading at €660/ton with an average weekly increase of €5/ton and a monthly increase of €50/ton.
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