EUROPE HRC: Domestic prices keep rising on material shortage

Domestic prices for hot-rolled coil continued to rise across Europe on Wednesday May 12, with producers having few volumes to offer in the spot market and there being a lack of import alternatives, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €1,058.13 ($1,285.71) per tonne on May 12, up by €15.63 per tonne from €1,042.50 per tonne on May 11.
The index was also up by €43.13 per tonne week on week and up by €156.46 per tonne month on month.

Wednesday’s index was based on market sources’ estimates of achievable prices and some transactions heard at €1,025-1,100 per tonne ex-works.
ArcelorMittal increased HRC offers by €50 per tonne to €1,100 per tonne ex-works on Wednesday.

Fastmarkets’ calculation for its daily steel hot-rolled coil...

Published

Maria Tanatar

May 12, 2021

18:25 GMT

London