EUROPE HRC: Market activity slow, buyers anticipate price falls

Activity in the European hot-rolled coil market has been slow, with buyers avoiding purchases in expectation of long-term price falls, sources told Fastmarkets on Tuesday January 26.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at €711.00 ($864.16) per tonne on Tuesday January 26, up by €1 from €710 per tonne on January 25.
The index was down by €8 per tonne week on week but up by €46 per tonne month on month.
The calculation of Tuesday’s index was based on achievable prices and deals heard at €700-730 per tonne ex-works.

In Southern Europe, Italian mills...

Published

Maria Tanatar

January 26, 2021

17:34 GMT

London