EUROPE HRC WRAP: Tight domestic supply, lack import competition drive prices up

Domestic prices for steel hot-rolled coil across Europe jumped further over the week to Friday September 18, driven by reduced supply from domestic mills and a lack of competitive import offers.

Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe at €486.92 ($576.44) per tonne on Friday September 18, up by €10.91 per tonne week on week and by €62.42 per tonne month on month.
Friday’s index was based on “workable” prices heard at €485-505 per tonne ex-works and a deal reported at €485 per tonne ex-works.
Some of the region’s steelmakers have been offering HRC at prices as high as €520-530 per tonne, but these offers were not included in the index because no deals have been confirmed in that price range.

Published

Maria Tanatar

September 21, 2020

11:29 GMT

Dnipro