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Metals prices: Argus northwest EU HRC steel prices | Argus Media
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/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fmarket%2Fdesktop%2Fmarket_steelpageexargusglobalferrousderivates_herobanner1600x530.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D-1%26hash%3D88F59F4E71351D9DEE77ED417461A8D7&w=3840&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fmarket%2Fdesktop%2Fmarket_steelpageexargusglobalferrousderivates_herobanner1600x530.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D-1%26hash%3D88F59F4E71351D9DEE77ED417461A8D7&w=3840&q=75"/><img alt="" loading="lazy" width="390" height="623" decoding="async" data-nimg="1" class="HeroBanner_image__dejfl d-lg-none qa-banner-image" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fmarket%2Fmobile%2Fmarket_steelpageexargusglobalferrousderivates_herobanner390x620.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3D97B394349015330E802BFFF9FEAD5D98&w=640&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fmarket%2Fmobile%2Fmarket_steelpageexargusglobalferrousderivates_herobanner390x620.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3D97B394349015330E802BFFF9FEAD5D98&w=828&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fmarket%2Fmobile%2Fmarket_steelpageexargusglobalferrousderivates_herobanner390x620.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3D97B394349015330E802BFFF9FEAD5D98&w=828&q=75"/><div class="HeroBanner_container___RcE5 container"><div class="row"><div class="col-12 col-lg-6 offset-lg-1"><div class="HeroBanner_titleAndDescription__0Cj9_"><h1 class="qa-banner-title">Argus northwest EU HRC steel</h1></div></div></div></div></div></div></div><div class="component small grey "><div class="component-content"><div class="PageSubnavigation_container__yH3q7 qa-subnavigation-bar container"><div class="PageSubnavigation_outer__ocRn_"><div class="PageSubnavigation_bar__Cf50a"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#details" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Price assessment details</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our metals products</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a><button type="button" class="PageSubnavigation_showMore__2Z47G cta "></button></div></div><div class="PageSubnavigation_drawer__lxQUi grey " style="left:0px"><div class="container"><div class="PageSubnavigation_drawerInner__Q_bJs"><div class="PageSubnavigation_drawerItems__AwukY"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#details" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Price assessment details</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our metals products</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a></div></div></div></div></div></div></div><div class="component component-padding PageIntroduction_pageIntroduction__BoFDD white" id="overview"><div class="component-content"><div class="container"><div class="PageIntroduction_row__DH0rm row"><div class="col-12 col-lg-8"><div class="qa-pageintroduction-section"><h2 class="qa-pageintroduction-title">Overview</h2><div class="PageIntroduction_description__hOYK7"><div class="qa-pageintroduction-textfield"><p>The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.<br /> <br /> The CME futures contract provides market participants with a way to price and manage their exposure, and it is settled against the monthly average of the daily price assessments published by Argus in the Argus Ferrous Markets and Argus Global Steel service.<br /> <br /> Hot-rolled coil (HRC) is the leading product for the European and global steel industry, and the foundation for many end-use industries, as well as other downstream steel products. Market size and liquidity, along with its importance as a raw material for manufacturers, makes European HRC a critical industrial material requiring accurate, timely spot pricing and analysis to inform decision making.<br /> <br /> The Argus northwest EU HRC index is published daily ensuring it captures all the movements in this often volatile market.<br /> <br /> Argus’ northwest Europe HRC index can be accessed through the Argus Metals online platform, as well as the daily <a href="/zh/solutions/products/argus-ferrous-markets">Argus Ferrous Markets</a> publication and <a href="/sitecore/service/notfound.aspx?item=web%3a%7b4FF9BFB7-E3B2-454A-81C7-50C5E6CEF874%7d%40zh">Argus Global Steel</a> service.</p></div></div></div></div></div></div></div></div><div class="component component-padding grey"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-9"><div class="qa-textpanel-description TextPanel_description__v7NGU"><h2 id="details">Price assessment details</h2> <h3>What are the advantages of the Argus northwest EU HRC steel price assessment?</h3> <p>The index is tracked daily to ensure it accurately reflects the underlying physical market. Transaction reporting and interaction with stakeholders throughout the supply chain allows Argus to deliver timely and topical information while reporting on the objective day-to-day movements. Market actors cite the quality of Argus’ European HRC information and commentary as setting us apart from competitors.<br /> <br /> The Argus HRC index is based 75pc on a volume-weighted average of trades and 25pc on a survey of active market participants. In the absence of transactions, the assessment is based on the market survey, allowing it to be reflective of market prices during periods of low liquidity.<br /> <br /> Argus’ methodology is proven, robust and created to suit the needs of the modern metals industry. With a large, dedicated global team of experts, we are committed to ensuring the highest quality in price assessments while delivering actionable market news and commentary. <a href="/zh/solutions/products/argus-ferrous-markets">Argus Ferrous Markets</a> provides accurate and unbiased pricing, including more than 1,700 price assessments from the global ferrous markets.</p></div></div></div></div></div></div><div class="component component-padding navy " id="products"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="section-heading">Explore our products</h2></div></div><div class="ProductListing_products__Uxsig row"><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/zh/solutions/products/argus-ferrous-markets"><h3 class="sub-heading h2 d-none d-lg-block">Argus Ferrous Markets</h3><h3 class="sub-heading h4 d-lg-none">Argus Ferrous Markets</h3><div class="ProductListing_itemDescription__E7NK3">Price-data and real-time news across the global ferrous markets, including coking coal, iron ore, scrap, steel and freight rates.</div><span class="ProductListing_itemCta__NeAHB cta"></span></a></div><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/zh/solutions/products/argus-octg"><h3 class="sub-heading h2 d-none d-lg-block">Argus OCTG</h3><h3 class="sub-heading h4 d-lg-none">Argus OCTG</h3><div class="ProductListing_itemDescription__E7NK3">Home of the Pipe Logix Index, the industry standard for OCTG pricing, news, and analysis.</div><span class="ProductListing_itemCta__NeAHB cta"></span></a></div><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/zh/solutions/products/argus-line-pipe"><h3 class="sub-heading h2 d-none d-lg-block">Argus Line Pipe</h3><h3 class="sub-heading h4 d-lg-none">Argus Line Pipe</h3><div class="ProductListing_itemDescription__E7NK3">Access leading price data, forecasts and analytics on US domestic and imported line pipe.</div><span class="ProductListing_itemCta__NeAHB cta"></span></a></div><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/zh/solutions/products/argus-scrap-markets"><h3 class="sub-heading h2 d-none d-lg-block">Argus Scrap Markets</h3><h3 class="sub-heading h4 d-lg-none">Argus Scrap Markets</h3><div class="ProductListing_itemDescription__E7NK3">Trusted scrap price assessments across ferrous and non-ferrous metals.</div><span class="ProductListing_itemCta__NeAHB cta"></span></a></div></div></div></div></div><div class="component component-padding grey" id="prices"><div class="component-content"><div class="container"><div class="row"><div class="ContentCarousel_intro__GOQMj col-12 col-lg-8 mx-auto"><h2 class="qa-contentcarousel-header">Key price assessments</h2><p class="qa-contentcarousel-description">Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments. </p></div></div></div><div class="ContentCarousel_carousel__skHV_"><div class="container"><div class="row"><div class="col-lg-10 offset-lg-1 d-none d-lg-block"><div class="Carousel_carousel__cxmDM "><div class="Carousel_viewport__hzjLs"><div class="Carousel_slides__11lIX"><div class="qa-slide-items current"><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-northwest-eu-hrc-steel"><div><h3 class="h4 qa-contentcarousel-item-title">Argus northwest EU HRC steel</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div></div></div></div></div><div class="col-12 d-lg-none"><div class="Carousel_carousel__cxmDM pagination 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