German CRC prices were rangebound in the week to Tuesday January x, reflecting a quiet start to the year. For Europe as a whole, cold rolled and hot dip galvanized steel prices were steady. Market participants commented that even though the value of CRC has not moved as yet, several structural pressures are building that could influence price sooner rather than later.
On the raw material and supply side, there are several factors that will reportedly start to tighten import availability. First, there is the CBAM and then a European Commission&#xx;s proposal for stricter steel safeguard measures. Import supply has reportedly fallen sharply, according to traders, and it is seen as likelier that the reduced flow will send CRC prices higher after the holiday period. The high CBAM premium should further amplify the upside, making imported CRC less competitive and...
