EUROPE HRC: Sentiment improves despite seasonal slowdown

Sentiment in the European hot-rolled coil market has been positive despite the seasonal slowdown in activity in the second half of the summer, sources told Fastmarkets on Wednesday July 22.

Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at €407.68 ($467.82) per tonne on Wednesday, up by just €0.01 per tonne from €407.67 per tonne on July 21.
Wednesday’s index was based on deals heard at €405-410 per tonne ex-works and “workable” prices reported at €405-425 per tonne ex-works.

Official offers of HRC from the region’s steelmakers have been heard at €450 per tonne ex-works, but...

Published

Maria Tanatar

July 22, 2020

17:08 GMT

London