EUROPE CRC: Tight supply keeps domestic prices strong

Domestic prices in Europe for steel cold-rolled coil increased over the week to Wednesday February 17 supported by a material shortage, sources have told Fastmarkets.

Producers in the North of the EU have been reported as either offering late-second-quarter-rolling HDG or being sold out for second-quarter production. Some major producers in Germany have been already offering July-August production coil.

Italian mills, in the meantime, have not been giving offers because they were overbooked, but market sources estimated that new offers will be...

Published

Maria Tanatar

February 18, 2021

18:30 GMT

London