EUROPE HRC: Domestic prices supported by further output reductions

Further reductions in the domestic output of hot-rolled coil in Europe, combined with the continuing lack of competitive import offers, has been supporting domestic prices in the region, sources told Fastmarkets on Thursday January 23.

Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was €461.18 ($511.20) per tonne on Thursday, compared with €462.38 per tonne on January 22.
The index was based on deals and “workable” prices heard at €455-465 per tonne ex-works.

Market sentiment was bullish...


Maria Tanatar

January 23, 2020

17:45 GMT