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Tariff-rate safeguard quotas, anti-dumping measures, geopolitical tensions and product quality and price are some of the key factors affecting the European steel market at present. Over the past few months, some of these issues have combined to sharply widen differentials between the highest and lowest-priced origins of HRC imported to the EU, which have been as high as €80/t in early 2024.
This background of widening premiums or discounts for various origins requires a more granular approach for assessing cif Italy HRC import prices, or the delivered cost of HRC imports to Italy. As a result, Argus is launching six new origin differentials for Japan, Vietnam, Taiwan, South Korea, India and Turkey — the most prominent suppliers of HRC to the EU market.
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Argus Ferrous Markets
Argus Ferrous Markets includes over 1,600 assessments and delivers unbiased price data, reports and market commentary from across coking coal, iron ore, ferrous scrap, steel and relevant freight rates.
The service offers key indexes used and trusted around the world. Customers in Australia, Colombia and the US rely on our coking coal prices, along with iron ore customers in China and ferrous scrap customers in the Atlantic basin.
