Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe
, was €467.08 ($514.49) per tonne on Wednesday, up by €0.52 per tonne day on day from €466.56 per tonne on January 28. The index has risen by €4.70 per tonne week on week and by €27.91 per tonne since the beginning of January.
The index was based on deals heard at €460-475 per tonne ex-works and “workable” prices estimated by market sources at €460-470 per tonne ex-works.
The market was on an upward trend and prices will...