Europe HRC spread narrows further as met coal-led costs pressure operating margins
November 3, 2023 Comments Off
The spread between European hot-rolled coil steel and raw material prices narrowed further in October to a low last seen in mid-2020 driven by higher coking coal costs, pressuring blast furnace steel operating margins. HRC prices declined in October to the lowest monthly level since November 2020, and with averages slipping for the sixth consecutive month, according to a Nov….
Europe HRC spread narrows further as met coal-led costs pressure operating margins
The spread between European hot-rolled coil steel and raw material prices narrowed further in October to a low last seen in mid-2020 driven by higher coking coal costs, pressuring blast furnace steel operating margins. HRC prices declined in October to the lowest monthly level since November 2020, and with averages slipping for the sixth consecutive month, according to a Nov….
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