EUROPE HRC: Domestic prices jump on reduced output, limited imports

Domestic prices for hot-rolled coil jumped day on day in Northern Europe on Wednesday September 9, supported by long lead times, reduced output from local mills and a lack of import offers, sources have told Fastmarkets.

Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at €476.25 ($561.71) per tonne on Wednesday, up by €8.30 per tonne from €467.95 per tonne on Tuesday.
The index was also up by €19.90 per tonne week on week and by €62.08 per tonne month on month.
Wednesday’s index was based on a deal heard at €470-490 per tonne ex-works and “workable” prices reported at €470-480 per tonne ex-works.

The region’s steelmakers have pushed their official offers for HRC up to €500-530 per tonne ex-works, with ArcelorMittal offering the material at €520-530 per tonne ex-works in Northern Europe. These offers were not included in the index, however, because no deals have been confirmed...

Published

Maria Tanatar

September 09, 2020

18:55 GMT

Dnipro