EUROPE HRC: Sentiment still bullish on reduced domestic output, uncompetitive imports

Sentiment in the Northern European hot-rolled coil market remained upbeat on Monday September 21, driven by reduced output from domestic steelmakers and a lack of competitive import offers, sources told Fastmarkets.

Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe, at €484.95 ($574.10) per tonne on Monday, down by €1.97 per tonne from €486.92 per tonne on September 18.
The index was, however, up by €8.50 per tonne week on week and by €51.20 per tonne month on month.

Monday’s index...

Published

Maria Tanatar

September 21, 2020

16:45 GMT

Dnipro