25
Aug
17:34
Italian HRC may rise, sentiment negative
Italian hot rolled coil prices are seen remaining stable next week when the market resumes activity after the August break. Sales volumes, however, are forecast to hike as stocks are medium-low after service centres and tube makers refused to restock in July because of uncertainty.
Domestic HRC values are expected to increase €20/tonne ($22.4/t) in September as producers are pushing up their asking prices to €480/t base ex-works. Before the market shut…
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Anonymous
Very good overview of the weekly steel market.
Anonymous