In Southern Europe, however, prices declined due to seasonally weaker demand, cheaper import offers and increased availability, according to market participants.
Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Europe
, was €1,300-1,345 ($1,541-1,595) per tonne on August 4, compared with €1,300-1,350 per tonne a week earlier.
The assessment was based on achievable prices heard in the market.
“The market is very quiet, so spot [coil] products are being offered from many sources and with a wide spread of prices,” a Northern European distributor said.
The availability of domestic HDG has increased, although it...