EUROPE HRC: Domestic producers bullish on supply tightness

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Thursday October 29, but steelmakers remained bullish due to good order books and a lack of competitive import offers, market sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €505.22 ($593.92) per tonne on Thursday, up by just €0.22 per tonne day on day from €505.00 per tonne on October 28.
The index was also up by €7.72 per tonne week on week and by €16.36 per tonne month on month.

Thursday’s index was based on “achievable prices” heard at €500-510 per tonne ex-works, latest deals reported at €500-520 per tonne...

Published

Maria Tanatar

October 29, 2020

16:45 GMT

London