The steelmakers pushed offers upward again to achieve further rises in transaction prices.
ArcelorMittal raised its official offer for HRC to €800 ($953) per tonne ex-works on Friday
, up by €50 per tonne, following the recovery in domestic prices earlier in the week. Downstream coil product offer prices, meanwhile, moved up by €20 per tonne, following a similar increase a week earlier.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe
, was calculated at €750 per tonne on March 5, up by €12 per tonne week on week and by €40 per tonne month on month.
The calculation of the...