EUROPE HRC: Market mood bullish on few import offers, long domestic-coil lead times

The mood in the European hot-rolled coil market has been bullish amid a lack of competitive import offers and domestic mills' good order books, sources told Fastmarkets on Wednesday February 26.

Northern Europe
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...

Published

Maria Tanatar

February 26, 2020

17:25 GMT

London