Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe
, at €708.75 ($860.82) per tonne on Wednesday, down by €2.25 per tonne from €711.00 per tonne on January 26.
The index was down by €6.75 per tonne week on week but up by €43.75 per tonne month on month.
The calculation of Wednesday’s index was based on achievable prices heard at €700-720 per tonne ex-works.
Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Southern Europe
, was €700-710 per tonne ex-works on January 27, compared with €700-715 per tonne a week earlier.
The assessment was based on achievable prices and the lower end of offers heard at €700-720 per tonne ex-works.
Buyers have been mainly sticking...