EU HRC prices slide in week to December 3 on limited buying activity

Domestic prices for hot-rolled coil in Northern Europe and Italy dropped further in the week to Friday December 3 due to lack of demand from spot buyers and reduced consumption from the automotive industry.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at €940 ($1,062.75) per tonne on December 3, down by €11.04 per tonne week on week and by €74.29 per tonne month on month.
The calculation was based on achievable prices estimated by market participants at €930-950 per tonne ex-works.

Fastmarkets calculated its corresponding daily steel hot-rolled coil index, domestic, exw Italy at €865 per tonne on December 3, down...

Published

Maria Tanatar

December 06, 2021

12:59 GMT

London