EUROPE CRC: Material shortage drives domestic prices further upward

Domestic prices in Europe for steel cold-rolled coil increased further over the week to Wednesday February 24 due to demand exceeding supply, sources have told Fastmarkets.

Fastmarkets’ weekly price assessment for steel CRC, domestic, exw Northern Europe, was €840-860 ($1,021-1,045) per tonne on February 24, up by €10-20 per tonne week on week from €820-850 per tonne.
The assessment was based on achievable prices estimated by market participants and the few transactions heard in the market.

Fastmarkets’ corresponding weekly price...

Published

Maria Tanatar

February 25, 2021

12:34 GMT

London