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...