SteelRadar recorded that heavy plate prices in the Southern part of Europe, which is starting to regain market activity, increased by EUR5/mt to EUR770-775/mt this week. For Northwest European plate, prices of €800-850/mt ex-Italy were reported, while Central European suppliers reported prices of €800/mt ex-Italy.
Sources told SteelRadar that there has been a price increase for HRC across Europe and that further price increases are expected in the upcoming weeks.
Italy
By the end of last week, Italy witnessed an increase in heavy plate prices while the local market experienced a slowdown. Northwest European heavy plate prices were down by EUR 10/mt on the week to EUR 830/mt ex Italy.
SteelRadar, meanwhile, put the price per ton of HRC [EN 10025] in Italy at €750. Sources, however, indicated that prices continued to remain at this level due to subdued trade in the market in general and decreasing demand.
Cold rolled coil prices, on the other hand, maintained the existing price differential with HRC. In Italy, CRC [EN 10130] was recorded at €870, while HRC [EN 10025, 2-3mm] has remained at €670 since early last week.
Benelux
SteelRadar data reveal that HMS 1&2 (80:20) has been stable in Benelux for the last two weeks. HMS 1&2, which traded up by €5 to €335 at the beginning of the month, has been trading in the €333-335 range for the last two weeks.
HMS 1&2, which was last recorded to have reached €335 in Benelux on the week of January 22, continued its stable path.
Poland
Rebar and wire rod prices in Poland are expected to increase in the coming weeks, sources informed SteelRadar.
Rebar [12-32mm], which was recorded at €635 on January 26, started the current week at €660, up €25. On the other hand, wire rod closed the week stable at €705, down €10 from €715.
Mesh quality wire rod was traded in the range of €660-670 per ton.
United Kingdom
Wire mesh prices in the UK continued their upward trend compared to last week's average wire mesh prices, according to SteelRadar data.
On January 29, 2024, wire mesh prices in the UK increased by USD 4.5 to USD 613.00.
By January 31, wire mesh was trading at USD 620.00, up again, according to SteelRadar statistics.
Germany
SteelRadar data indicated that iron ore experienced the most price fluctuations in Germany.
During the week of January 22, Germany's iron ore prices were on an upward trend until January 31, only dropping by 0.01% to €125.13 on the 30th of the current month.
The current price of iron ore in Germany was recorded at €125.17 by SteelRadar.
Another noteworthy price increase was observed in HRC across Germany. For the week to January 29, SteelRadar calculated HRC at €770, up €15.
Among the prices that remained stable, only steel plate [EN 10025, 14-40] was noted by SteelRadar to have decreased from €710 to €700.
Spain
In Spain, HRC prices increased as witnessed across Europe. On Monday, January 29, HRC [EN 10025] reached €795, up 10% compared to the previous week.
Another price differential was recorded by SteelRadar for rebar [12-32mm], up 8% to €633. The local market was supported by rebar, which has been in a stable path in the Spanish market at €595 for some time.
Netherlands
HMS 1&2 (80:20), which followed a volatile trend in the Netherlands last week, began the current week with a slight increase (€2) and traded at €388, similar to the scrap market across Europe.
On February 1, SteelRadar recorded a further €3 increase for HMS 1&2 (80:20) in the Netherlands, reaching €391.
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