EUROPE HRC: Material shortage, long lead times to keep prices high

Market sources expect domestic prices for steel hot-rolled coil in Europe to remain strong on support from reduced availability and long lead times, sources told Fastmarkets on Thursday February 18.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at €725 ($874.46) per tonne on Thursday February 18, down by €4 per tonne from €729 per tonne on February 17. 
The index was, however, up by €8 per tonne week on week and by €3.75 per tonne month on month.

The calculation of Thursday’s index was based on achievable prices heard at €700-730...

Published

Maria Tanatar

February 18, 2021

16:25 GMT

London