EUROPE HRC: Domestic prices inch up on reduced output, lack of imports

Domestic prices for hot-rolled coil in Europe inched up over the week to Wednesday September 30, driven by reduced output from domestic mills and a lack of competitive import offers, sources have told Fastmarkets.

Sentiment in the market has been mixed because some participants expected prices to rise further, while others expected them to remain at their current level.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €490.91 ($574.62) per tonne on Wednesday, up by €2.05 per tonne from €488.86 per tonne on September 29.
The index was also up by €3.30 per tonne week on week and by €40.46 per tonne month on month.
Wednesday’s index was based on deals and achievable prices heard at €485-510 per tonne ex-works.
Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Southern Europe, was €475-485 per tonne on September 30, up by €5 per tonne week on week from €470-480 per tonne.

The assessment reflected deals and achievable prices...

Published

Maria Tanatar

September 30, 2020

16:58 GMT

London