This week, most major European car makers were set to close production units
in response to the effects of the spread of 2019-nCoV coronavirus.
Market activity, in the meantime, has been low due to risks related to the coronavirus pandemic.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe
, was €477.31 ($528.19) per tonne on Wednesday March 18, up by only €0.31 per tonne day on day from €477.00 per tonne on March 17. HRC is a major raw material for vehicle manufacture.
Today’s index was calculated based on deals, “workable” prices and offers heard at €470-490 per tonne ex-works. It was also based on bids heard at €460-470 per tonne ex-works....