Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe
, was unchanged at €470.00 ($512.11) per tonne on Friday.
Friday’s index was calculated based on offers and “achievable” prices heard at €460-475 per tonne ex-works.
Demand in the region has been poor due to slowdowns and closures in steel-consuming industries across Europe, as part of the measures taken to try to control the Covid-19 pandemic. In particular, a large number of automotive manufacturers have temporarily stopped operations
As a result, sentiment in the...