EUROPE HRC: Domestic prices stable in quiet market

Domestic prices for hot-rolled coil in Europe have been fairly stable due to slow market activity, sources told Fastmarkets on Wednesday May 20.

Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was €410 ($448.14) per tonne on Wednesday, up by only €0.16 per tonne from €409.84 per tonne on Tuesday.
Wednesday’s index was calculated based on deals heard at €405-415 per tonne ex-works, as well as offers reported at €420 per tonne ex-works and bids heard at €400-405 per tonne ex-works.
The index was down by €3.50 per tonne week on week and down by €35.00 per tonne month on month.

Domestic prices in Northern Europe have been fairly stable since the beginning of the week in a quiet market. Distributors have been booking only small volumes...

Published

Maria Tanatar

May 20, 2020

17:33 GMT

London