EUROPE HRC: Prices up further on strong demand, reduced availability

Europe’s domestic hot-rolled coil prices continued to rise on Wednesday April 7 due to buyers’ growing need to restock and limited sources of material, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at €894 ($1,057.80) per tonne on April 7, up by €9 per tonne from €885 per tonne on April 6.
The index was up by €58 per tonne week on week and by €144 per tonne month on month.
The calculation of Wednesday’s index was based on achievable prices estimated by market sources at €880-900 per tonne ex-works.
The majority of the region’s steelmakers were said to be holding back from making offers and trading coil this week.

Fastmarkets calculated its corresponding daily steel hot-rolled coil index domestic, exw Italy at €886.25 per tonne on April 7, up...

Published

Maria Tanatar

April 07, 2021

17:14 GMT

London