EUROPE HRC: Domestic prices to rise further on short supply, strong demand

A shortage of domestic hot-rolled coil while supply is limited and the prices of overseas material are high are keeping sentiment bullish in the European market, sources told Fastmarkets on Friday April 9.

Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at €896.67 ($1,066.13) per tonne on April 9, up by €1.67 per tonne from €895 per tonne on April 8.
The index was up by €53.34 per tonne week on week and by €142.92 month on month.

Friday’s index was based on achievable prices estimated by market sources at €890-900 per tonne...

Published

Maria Tanatar

April 09, 2021

14:51 GMT

London