Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe
, at €495.83 ($581.05) per tonne on Friday October 16, up by just €0.20 per tonne from €495.63 per tonne on October 15.
The index was up by €2.33 per tonne week on week and by €13.21 per tonne month on month.
Friday’s index was based on achievable prices heard at €490-500 per tonne ex-work.
The region’s steelmakers have pushed their official offers for HRC up to €520-540 per tonne, sources said - although this range was not included in the index because no deals have been confirmed at that price....