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...