Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe
, at €730.68 ($888.23) per tonne on Wednesday, up by €4.68 per tonne from €726.00 per tonne on February 23.
The index was also up by €1.68 per tonne week on week and up by €19.43 per tonne month on month.
The calculation of Wednesday’s index was based on achievable prices heard at €720-740 per tonne ex-works and deals reported at €725-745 per tonne ex-works.
Fastmarkets’ corresponding price assessment for steel HRC, domestic, exw Southern Europe
, was €700-720 per tonne ex-works on February 24, compared with €700-710 per tonne a week earlier.
The assessment reflected average achievable prices heard in the market. One Italian buyer estimated “workable” prices at €690-700 per tonne ex-works, but the lower end of the range was not confirmed by other sources. Prices in Spain, in the meantime,...