Southern european suppliers increase coils prices on expensive imports

摘要

Southern european producers keep seeking higher coils prices amid rising import prices.Coils offer prices from the Spanish supplier increased by eUR 15/t over two weeks, coming to eUR 440/t DDP for HRC, eUR 530/t DDP for CRC and eUR 540/t DDP for HDG, base, February shipment. The producer sees some improvement in demand over the few last weeks, which contributed to the price increase. Constantly growing import prices and reduced availability of the european material in the market added to the picture. “Many production capacities are already shut down and this will reduce supply in H1 2020,” the producer told Metal expert.