hot-rolled prices

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

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