EUROPE HRC: Domestic prices up; ArcelorMittal increases offers further

Domestic prices for hot-rolled coil increased across Europe on Friday May 7, and ArcelorMittal raised its offers even further, sources told Fastmarkets.

Fastmarkets calculated its steel hot-rolled coil index, domestic, exw Northern Europe at €1,042.00 ($1,254.34) per tonne on May 7, up by €21.17 per tonne from €1,020.83 per tonne on May 6.
The index was up by €34.86 per tonne week on week and by €148.00 per tonne month on month.

Thursday’s index was based on transactions reported at €1,030-1,040 per tonne ex-works, achievable prices estimated by market sources in the range of €1,030-1,050 per tonne ex-works...

Published

Maria Tanatar

May 07, 2021

15:55 GMT

London