EUROPE HRC: Trading slow in north, frozen in south after Italy shuts down non-essential production

Trading activity in the hot-rolled coil market in Northern Europe was slowed by closures at a number of vehicle manufacturers across Europe, although other consuming industries remained relatively active, sources told Fastmarkets on Monday March 23.

But at the same time, trading activity in Southern Europe was close to zero, according to market participants.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was €473.00 ($505.64) per tonne on Monday, up by €3 per tonne from €470.00 per tonne ex-works on March 20.

Monday’s index was calculated based on offers heard at €470-480 per tonne ex-works, along with estimates from market sources who said that a...

Published

Maria Tanatar

March 23, 2020

18:20 GMT

London