EUROPE HRC: Domestic price stable at high level on strong demand, low material

The domestic hot-rolled coil price in Northern Europe remained fairly stable on Tuesday February 23 on support from good demand and short supply, sources said.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at €726 ($881.07) per tonne on Tuesday February 23, up by €1 per tonne from €725 per tonne on February 22. The index was down by €1.50 per tonne week on week, but up by €14.75 per tonne month on month.
The calculation of Tuesday’s index was based on achievable prices heard at €720-740 per tonne ex-works and a deal reported at €725 per tonne ex-works.

Market participants...


Maria Tanatar

February 23, 2021

17:35 GMT