EUROPE HRC: Domestic prices continue to rise in the north

Domestic prices for hot-rolled coil in Northern Europe have moved up day on day, supported by good order books at mills and a lack of competitive imports, sources told Fastmarkets on Wednesday February 19.

Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was calculated at €481.25 ($520.53) per tonne on February 19, up by €0.94 per tonne from €480.31 per tonne on February 18.
The index was calculated based on deals heard at €480-485 per tonne ex-works and “workable” prices reported at €480-490 per tonne ex-works.
A rumor has been circulating in the market that a northern European producer sold HRC at €460 per tonne ex-works. That sale was reported to be a deal that had been made in the fourth quarter last year, however, and the shipment was rescheduled afterward.
Official offers have been heard at €490-500 per tonne ex-works.

Although the prices have continued to rise this week, the pace has slowed down, mainly due to buyers being unwilling to risk acquiring large lots of material from European producers...

Published

Maria Tanatar

February 19, 2020

17:40 GMT

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