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...