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Europe's recovered vehicle market drives HDG & CRC prices

14 Jan 2022 16:47 reported by Alston Tsai

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According to statistics, the European auto market was blooming this week, coupled with the fact that local steel mills have signed long-term supply contracts with downstream customers, which prompted the price of cold-rolled coils (CRC) and hot-dip galvanized steel (HDG) to rise.

Besides, ArcelorMittal raised its HDG offer in Northern Europe's market to EUR 1,160/ton. The HDG price in Northern Europe's market has a weekly increase of EUR 50-80/ton, and there was a weekly increase of about EUR 50-60/ton for CRC.

In addition, the HDG price in the Southern European market has a weekly increase of EUR 60-80/ton, and a weekly increase of about EUR 80-100/ton was for CRC.

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