Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe
, at €482.62 ($572.80) per tonne on Wednesday, up by €5.64 per tonne day on day from €476.98 per tonne on Tuesday.
The index was up by €6.37 per tonne week on week and by €63.45 per tonne month on month.
Wednesday’s index was based on deals heard at €470-500 per tonne ex-works, achievable prices reported at €480-490 per tonne ex-works and official offers at €470-500 per tonne ex-works.
Some of the region’s steelmakers have been offering HRC at prices as high as €520-530 per tonne. These offers were not included in the index, however, because no deals have been confirmed at that price....