It is reported that domestic prices in Spain are following the general path and soaring across all products.
HRP domestic producer are offering prices ranging EUR 580 per tonne to EUR590 per tonne EXW for base.
HRC have reached quotations as high as EUR 600 per tonne DDP
HRC from import are offered at prices ranging EUR 560 per tonne to EUR 570 per tonne CFR, with Turkish Mills being the highest bidder with prices around EUR 590 per tonne CFR FO.
HDG is offered by Turkish Mills at prices ranging EUR 730 per tonne to EUR 740per tonne CFR FO, while customers are not available to consider prices higher than EUR 700 per tonne CIF FO with 90 days payment against LC for a typical specification including thickness 0.55 mm to 0.60 mm with Z180coating.
Russia''s Federal Tariff Service has approved an average 15% increase in natural gas prices for industrial consumers from January 1 2011.
The rise in gas prices directly affects steelmakers'' production costs, which are thus expected to increase following this latest price hike.
Gas prices for industrial consumers in 2010 had also increased by 15%.