Steel prices lead Europe HRC steel-to-raw materials spread to spike higher

摘要

London— The European hot-rolled coil steel and raw materials price spread spiked higher in April to new highs, as steel prices continued to climb above iron ore, scrap and coking coal costs. The Northwest European HRC-steel raw materials spread increased to Eur632/mt ($759/mt) in April, from Eur477/mt in March, according to estimates by S&P Global Platts on May 4. Higher steel prices increasingly outpaced a basket of reference steel raw materials costs, moving up from a low of Eur193/mt in June 2020, Platts estimates showed.