EUROPE HRC: Sentiment negative on coronavirus uncertainty

The hot-rolled coil market in Northern European weakened slightly on Friday March 13 on negative sentiment due to uncertainty relating to the novel coronavirus (2019-nCoV) outbreak, sources told Fastmarkets.

Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was €481.18 ($540.29) per tonne on Friday March 13, down by €1.32 per tonne from €482.50 per tonne on March 12.
The index was calculated based on deals and workable prices heard at €470-490 per tonne ex-works.
Northern European mills have not all been following the same pricing policy, according to market sources.

Some mills with good order books - and claiming to be offering June shipment coil - are offering material at...

Published

Maria Tanatar

March 13, 2020

18:04 GMT

London