EUROPE HRC: Domestic prices rise in the north on restocking activity recovery

Domestic prices for hot-rolled coil in Northern Europe have increased day on day due to better demand from distributors, sources told Fastmarkets on Friday February 21.

Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was €483.99 ($522.49) per tonne on Friday February 21, up by €2.92 per tonne from €481.07 per tonne on February 20.
The index was calculated based on deals heard at €480-490 per tonne ex-works.

Market participants said that buying activity had increased by the end of the week because distributors needed to restock. Most of the buyers have been waiting...

Published

Maria Tanatar

February 21, 2020

18:22 GMT

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