EUROPE HRC: Northern European mills target higher prices on tight supply

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Friday October 30, but mills have pushed offers up this week, looking for transaction price rises, market sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €505.00 ($591.28) per tonne on Friday, reversing Thursday’s gain of €0.22 per tonne and returning to the same level as on October 28.
The index was, however, up by €8.33 per tonne week on week and by €14.09 per tonne month on month.

Friday’s index was based on...

Published

Maria Tanatar

October 30, 2020

16:23 GMT

London