EUROPE HRC: Domestic prices stable but offers likely to rise

Domestic prices for hot-rolled coil in Northern Europe were unchanged day on day on Thursday October 22, but steelmakers were expected to announce a price increase, market sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €497.50 ($589.78) per tonne on Thursday, flat from the day before.
The index was up by €1.87 per tonne week on week and by €12.15 per tonne month on month.

Thursday’s index was based on deals heard at €485-520 per tonne ex-works, but most market sources claimed that the average price in deals for the commodity material was €490-500 per tonne ex-works....

Published

Maria Tanatar

October 22, 2020

17:20 GMT

London