EUROPE CRC: Domestic prices up on tight supply, strong demand

Domestic prices in Europe for steel cold-rolled coil increased further over the week to Wednesday March 24 due to a materials shortage combined with good demand, sources have told Fastmarkets.

Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?900-930 ($1,070-1,106) per tonne on March 24, up by ?,?10-20 per tonne from ?,?880-920 per tonne a week earlier.
The assessment was based on achievable prices heard in the market.
The corresponding weekly price assessment for steel CRC, domestic, exw Southern Europe, was ?,?890-920 per tonne on March 24, up by ?,?10-30 per tonne from ?,?880-890 per tonne a week earlier.

The assessment reflected "workable" prices...

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