Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe
, at €490.77 ($575.37) per tonne on Thursday, down by just €0.14 per tonne from €490.91 per tonne on September 30.
The index was, however, up by €2.96 per tonne week on week and by €37.29 per tonne month on month.
Thursday’s index was based on deals, achievable prices and offers heard at €490-500 per tonne ex-works.
Although 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...