Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe
, was calculated at €400.08 ($448.70) per tonne on June 4, down by €1.92 per tonne from €402.00 per tonne on Wednesday.
Thursday’s index was calculated based on deals heard at €400-405 per tonne ex-works. Finalized deals remained scarce and were mainly done for smaller tonnages at prices close to €400 per tonne ex-works, market participants said.
Earlier this week, sources said that bids had been heard at €390-395 per tonne ex-works.
The index was down...