As per the latest information HRC prices in Spain have gone down further and both European as well as traditional import sources have become aggressive

EU Mills - EUR 410 per tonne to EUR 435 per tonne
(Mostly with 7-10 days lead time)

Import sources are finding it difficult to compete with current offers as under
Russian - EUR 445 per tonne
Ukrainian - EUR 410 per tone
Turkish - EUR 460 per tonne
Iranian - EUR 470 per tonne
Egyptian - - EUR 480 per tonne
Chinese - EUR 460 per tonne

The above update is just a sample for you to validate accuracy.

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