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Tata Steel UK has raised hot-rolled coil prices by £125 per tonne for the second quarter, taking offer levels to around £620/t, while hot-dip galvanized coil prices have also moved up by £140–150/t. The increase reflects mounting pressure from higher raw material costs, especially slabs and zinc, along with a widening price gap between the UK and European markets. Tightening slab availability is adding to the bullish sentiment, as supply disruptions and changing trade dynamics continue to reshape buying strategies across the region. Market participants are also watching phased price increases closely, with some buyers indicating further hikes may follow in May and June. At the same time, limited April allocations for some customers suggest supply remains constrained. The latest move highlights a firmer outlook for the UK flat steel market, where buyers are increasingly balancing procurement risks, import costs, and regional pricing trends. For steel consumers and traders, Tata Steel UK’s decision signals that the market may remain elevated in the near term, with supply-side pressure and cost inflation continuing to influence hot rolled coil prices.
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