EUROPE HDG: Shortage, solid demand, rising feedstock costs drive domestic prices up

Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday November 25, due to a combination of low availability, good demand and higher feedstock prices, sources told Fastmarkets during the week.

Fastmarkets’ weekly price assessment for steel HDG, domestic, exw Northern Europe, was €660-680 ($786-810) per tonne ex-works on Wednesday, up by €30-35 per tonne from €630-645 per tonne ex-works a week earlier.
The assessment was based on deals heard, although official offers have been heard at €680-700 per tonne ex-works.

The corresponding weekly price assessment for steel HDG, domestic, exw Southern Europe, was €640-650 per tonne...

Published

Maria Tanatar

November 26, 2020

19:25 GMT

London