EUROPE HDG: Domestic prices inch up in north on tight supply

Domestic prices for hot-dipped galvanized coil (HDG) in Europe increased in the week to Wednesday October 14, supported by reduced availability of the material in the spot market, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?590-600 ($694-706) per tonne ex-works on October 14, up by ?,?5-10 per tonne from ?,?580-595 per tonne ex-works a week before.
The assessment reflected deals and "workable" prices heard in the market, while official offers have been heard at ?,?615-620 per tonne ex-works.

The price recovery has been supported by a combination of good order books among Northern European steelmakers and a lack of competitive import offers, market sources...

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