Tag: Eurpoe: lower supply leading HRC prices to increase for January 2023

European hot-rolled coil (HRC) prices are likely to increase in January 2023, as steel mills expecting demand to rise and hoping to close deals at higher prices due to lower supply. In Northern Europe HRC offers rose above Euro 700/t ($745/t) compared to Euro 650-680/t ($692-$724/t) in December. Although the agreements on higher prices have…