hot-rolled prices - Latest news GMK Center

Steel processing plants have been experiencing losses for several months

Spot base prices for the company's hot-rolled coil rose to $1,000 per short ton

It is about a price of €680/t for the January order, the market reports

HRC supply is expected to be limited until the end of this year

The new base price is $900 per short ton

This will be facilitated by a limited supply amid capacity reductions by some producers

This was facilitated by a limited supply and an increase in order fulfillment times

Currently, several European steel mills are already carrying out maintenance

The increase in prices was facilitated by the activation of demand after the announcement of a price increase by the Cleveland-Cliffs company

Quotas for the IV quarter are likely to be filled in early October, which will affect prices in the EU

The market expects trading to resume in early September, along with rising steel prices

European importers postpone imports for the 4th quarter, as they have almost exhausted the quota for duty-free deliveries