EUROPE HRC: Price rally continues on supply-demand imbalance

Europe's domestic prices for hot-rolled coil have continued to surge, propelled by strong demand amid a persistent material shortage, Fastmarkets heard on Thursday May 13.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €1,090.71 ($1,320.36) per tonne on May 13, up by €32.58 per tonne from €1,058.13 per tonne on May 12.
The index was also up by €69.88 per tonne week on week and by €185.71 per tonne month on month.

Thursday’s index was based on market sources’ estimates of achievable prices at €1,050-1,100 per tonne ex-works, offers at €1,100 per tonne ex-works and...

Published

Julia Bolotova

May 13, 2021

16:13 GMT

Dnipro, Ukraine