HRC steel prices weakness hits met coal, iron ore spot demand

摘要

Steel prices on both sides of the Atlantic remain weak, as regional HRC benchmarks fell to new lows in October to limit spot raw materials demand. Softer steel prices and margins continue to affect immediate spot purchasing and restocking activity for steel raw materials such as coking coal and iron ore pellets, according to buyers this week. In October, the S&P Global Platts European HRC steel assessment dropped to average at Eur434.87/mt ex-works Ruhr ($482.71/mt), down from Eur459.81/mt in September and to the lowest price all year.