Analysis: Europe's steel-raw materials spread slips in July after Q2 record | S&P Global Platts

The European hot-rolled coil steel to raw materials price spread edged lower in July as higher coking coal, iron ore pellet and scrap prices limited gains from record monthly HRC spot prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Northwest European HRC-steel raw materials spot spread moved down to Eur758/mt ($900/mt) in July from Eur761/mt in June, according to estimates by S&P Global Platts on Aug. 2. In the second quarter, the European HRC spread averaged a new record high Eur695/mt, up 61% from Q1, on the back of higher steel prices….