EUROPE HRC: Short supplies, long lead times support rising prices

European hot-rolled coil prices pushed up on Thursday June 24, despite limited trading, supported by ongoing shortages and with ArcelorMittal again raising its offer prices just a month after its previous increases.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €1,190.87 ($1,421.20) per tonne on Thursday, up by €5.83 from €1,185.04 per tonne on June 23.
The index was also up by €47.12 per tonne week on week and by €59.62 per tonne month on month.

Thursday’s index was based on deals done at €1,150-1,200 per tonne exw,...

Published

Julia Bolotova

June 24, 2021

15:26 GMT

Dnipro