EUROPE HRC: Shortage, strong demand drive domestic prices further upward

Domestic prices for hot-rolled coil continued to rise across Europe on Wednesday April 14 because demand exceeded supply, sources told Fastmarkets.

The number of deals was limited, however, because producers preferred to trade smaller volumes and returned to the market only with short-validity offers. Such tactics, combined with low stocks and good demand from end-consumers, supported an uptrend in the spot market.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €910.00 ($1,084.48) per tonne on April 14, up by €5.00 per tonne from €905.00 per tonne on April 13.
The index was up by €16.00 per tonne week on week and by €118.75 month on month.
Wednesday’s index was based on achievable prices estimated by market sources at €900-920 per tonne ex-works.

Fastmarkets calculated its corresponding daily steel hot-rolled coil index, domestic, exw Italy, at €900 per tonne on April 14, up by €7.50 per tonne from €892.50 per tonne on April 13. It was also up by...

Published

Maria Tanatar

April 14, 2021

18:20 GMT

London