EUROPE HDG: Domestic prices continue rising on tight supplies, strong demand

Domestic prices for hot-dipped galvanized steel coil in Europe increased again in the week to Wednesday May 5, with a shortage of material combining with good demand, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil domestic, exw Northern Europe was €1,150-1,200 ($1,381-1,441) per tonne on May 5, up by €30-50 per tonne from €1,120-1,150 per tonne.
The assessment was based on achievable prices estimated by market sources and few deals heard in the market.

Domestic prices have reached the level ArcelorMittal set as a target at the end of last week, when the producer increased its offer prices for downstream coil by €50 per tonne,...

Published

Maria Tanatar

May 06, 2021

12:58 GMT

London

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