europe august hrC spreads rebound from July's low on raw

摘要

London—European steel indicative margins rose 19% in August from July’s year-to- date low, due to declines in iron ore fines reference prices and met coal and scrap prices, according to an analysis by S&P Global Platts on Tuesday. However, steel to raw materials spreads remain lower than in the first quarter of 2019 and weak compared with 2018 and 2017. This is leading steel mills to seek further cost-cutting in raw materials purchases and selection by grade, against lower mill operating rates, according to market sources.