Steelmakers have been seeking to achieve further price rises, according to market participants.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe
, was calculated at €417.27 ($490.54) per tonne on Wednesday, up by €2.27 per tonne from €415 per tonne on Tuesday. The index was also up by €3.10 per tonne week on week and by €14.14 per tonne month on month.
Wednesday’s index was based on deals heard at €415-420 per tonne ex-works and “workable” prices reported at €410-420 per tonne ex-works.
Northern European steelmakers have announced official offers at €450-460 per tonne ex-works,...