Europe HRC spread rebounds in November as steel prices rise, easing margin pressure
December 8, 2023 Comments Off
The spread between European hot-rolled coil steel and raw material prices rebounded in November from October’s low, aided by higher spot steel prices and lower coking coal costs. HRC prices recovered in November from a three-year low to ease cost pressure for steel margins while a stronger euro aided costs, according to a Dec. 7 analysis by S&P Global Commodity…
Europe HRC spread rebounds in November as steel prices rise, easing margin pressure
The spread between European hot-rolled coil steel and raw material prices rebounded in November from October’s low, aided by higher spot steel prices and lower coking coal costs. HRC prices recovered in November from a three-year low to ease cost pressure for steel margins while a stronger euro aided costs, according to a Dec. 7 analysis by S&P Global Commodity…
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