Home
Products
Aluminium
Aluminum Strip / Coil Aluminium Sheet / Plate Aluminum Circle / Disk / Disc Aluminum Tread Plate Aluminum Foil
Stainless Steel
Stainless Steel Coil Stainless Steel Sheet and Plate Stainless Steel Welded Pipes / Tubes Stainless Steel Seamless Pipes / Tubes Stainless Steel Checker Plate Stainless Steel Bar
Galvanized steel
Hot Dip galvanized steel coil and sheet Galvalume(55%al-zn) steel coil and sheet PPGI
Pipes and Tubes
Carbon Steel Welded Pipe/Tube Carbon Steel Seamless Pipe/Tube
Fittings
Sanitary Fitting Industry Fittings Fluid Fitting Quick Coupling Butt welded fittings Threaded Fitting High Pressure Fitting
Valves
Sanitary Butterfly Valve Gate Valve Ball Valve
Flange
Copper
Copper Alloy Wire Copper Pipe Copper Foil/ Rolled Copper Foil
About Us
About YUENSENG INTERNATIONAL
Company Information
Our Culture
Our Business
Our Business
News
Company News
Industry News
Contact Us
Contact Us
Industry News
Home Industry News

Europe HRC spread contracts 19% in June on sharply lower steel prices

Views : 76
Update time : 2023-07-04 17:12:27
The spread between European hot-rolled coil steel and raw materials prices in June contracted sharply to start to test steelmakers' profitability, narrowing 19% from May as spot steel prices and demand weakened further.
HRC prices continued to decline in June, at a faster pace, in their second consecutive monthly decline, according to a July 3 analysis by S&P Global Commodity Insights.

The Northwest Europe HRC steel to raw materials spot spread narrowed to average Eur396/mt ($428/mt) in June, from Eur490/mt in May, according to S&P Global estimates.

The euro weakened to average $1.08 in June, affecting overall higher costs in dollar-denominated raw material imports.

Previous :
Next :
Related News
Read More >>
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
Mar .10.2025
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
US employment data falls short of expectations, aluminium ingot continues destocking trend this week US employment data falls short of expectations, aluminium ingot continues destocking trend this week
Mar .10.2025
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
Mar .10.2025
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan
Mar .10.2025
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan