Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe
, was €476.21 ($519.73) per tonne on Wednesday February 12, up by €2.64 per tonne from €473.57 per tonne on February 11.
The calculation was based on deals and “workable” prices heard at €470-480 per tonne ex-works.
Buyers claimed that they could achieve deals at €470 per tonne ex-works for bigger tonnages of material. The steelmakers, however, insisted that deals would not be made at prices lower than €480 per...