EUROPE HRC: Buyers continue push for lower domestic prices

April 25, 2020 / www.metalbulletin.com / Article Link

Domestic hot-rolled coil prices in Northern Europe fell on continuing bearish sentiment, sources told Fastmarkets in Friday April 24.

Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?443.13 ($478.42) per tonne on Friday April 24, down by ?,?3.87 per tonne from ?,?447.00 per tonne on April 23.

Official offers have been heard at ?,?455-465 per tonne ex-works, while bids and "workable" prices have been heard at ?,?420-430 per tonne ex-works. Two sources said that one mill had already accepted ?,?430 per tonne ex-works.
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