hot-rolled prices - Latest news GMK Center

At present, prices for steel coils in the country have declined from their peak at the end of 2023

The price has increased amid increased offers from competitors

In the EU market, prices are supported by limited supply

The company relies on limited import opportunities and a low supply of products on the domestic market

About 1.18 million tons of HRC were expected to be imported into the EU on January 5 in the «other countries» category

The trend is expected to continue through the first quarter of 2024

In the first quarter of 2024, HRC prices in Europe may continue to rise

A reduction in supply and an increase in order fulfillment allowed prices to stabilize

European steelmakers raise offers to €700-720/t, Indian export prices rise

The trend is expected to continue until the end of the year due to limited supply and increased demand

In the current week, the HRC price is $870-900 per short ton

This decision reflects growing demand and the need to replenish stocks