This assessment was based on achievable prices and the lower end of offers heard at €700-730 per tonne ex-works.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe
, at €708.33 ($856.64) per tonne on Wednesday, down by €1.67 per tonne from €710.00 per tonne on February 9.
The index was also down by €1.67 per tonne week on week, but it was up by €40.83 per tonne month on month.
The calculation of Wednesday’s index was based on achievable prices heard at €690-720 per tonne ex-works.
Official offers, in the meantime, were reported at €730-750 per tonne ex-works in Northern Europe.
Fastmarkets’ corresponding price assessment for steel HRC, domestic, exw Southern Europe
, was €700-710 per tonne ex-works on February 10, unchanged week on week.
Buyers were likely to remain in “wait-and-see” mode until the global price trend becomes clearer after...