Southern European prices fell 3% last week to reach €521 ($664). Prices have fallen €60 or 10% during the last three months, but are still €125 or 32% higher than the level seen in the beginning of the year.
Northern European transaction prices were stable at €559 ($714). Prices have remained stable in the last month, but have fallen €49 or 8% during the last three months. If the current transaction prices remain unchanged for the remainder of Q3, the q-o-q price decrease in Q3 for Northern Europe would be €16, or 3%.
European steel producers are seeking a price increase for flat products in Q4. While ArcelorMittal is likely to raise its HRC prices by 5% to around €620/t ($787/t) in October, ThyssenKrupp is raising its flat products prices by €30/t on average also from October.
Chinese exports to Europe – HRC prices stable ,Transaction prices remained stable at €490 ($625) last week. Prices are trading slightly below the €500 mark since last month and are €59, or 11% lower than the 12-month high of €549 seen in May. If current transaction prices remain unchanged for the remainder of Q3, the q-o-q price decrease in Q3 would be €24, or 5%.
Source: Deutsche
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