EUROPE HRC: Prices tick up day on day; ArcelorMittal pushes for another increase

The uptrend in Europe’s hot-rolled coil market continued on Thursday April 8, with prices supported by a persistent lack of material, while ArcelorMittal has increased offer prices again, Fastmarkets heard.

Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at €895 ($1,065.41) per tonne on April 8, up by €1 per tonne from €894 per tonne on Wednesday April 7.
The index was up by €51.67 per tonne week on week and by €141.25 month on month.
Thursday’s index was based on deals heard at €890-895 per tonne and achievable prices estimated by market sources at €890-900 per tonne.

Market participants said that...


Julia Bolotova

April 08, 2021

16:24 GMT