Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe
was at €483.71 ($525.29) per tonne on Wednesday February 26, down by €0.27 per tonne day on day from €483.98 per tonne on February 25.
The index was calculated based on deals heard at €475-490 per tonne ex-works and “workable” prices evaluated by buyers at €470-485 per tonne ex-works.
Some Northern European mills have reportedly offered HRC to the south of Europe at €470 per tonne ex-works.
Market sentiment remains upbeat because a combination of long lead times...