EUROPE HRC: Market activity frozen; import prices slide

Market activity in the European hot-rolled coil market has been poor due to the effects of the measures taken to control the spread of the Covid-19 pandemic, sources told Fastmarkets on Wednesday April 8.

Import prices have decreased further over the course of this week, but domestic prices have been largely stable in Northern Europe, with only a few deals done.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was €470.63 ($511.46) per tonne on Wednesday, up by €1.88 per tonne from €468.75 per tonne on April 7.
Wednesday’s index was calculated based on deals and “achievable” prices heard at €460-485 per tonne ex-works.

Market activity has been poor due to production shutdowns among end-users - particularly, a number...

Published

Maria Tanatar

April 08, 2020

18:20 GMT

London