EUROPE HRC: Buyers ready to accept higher prices on material shortage

Domestic transaction prices for hot-rolled coil in Europe were expected to rise due to shortness of supply from EU mills and a lack of import offers, sources told Fastmarkets on Tuesday March 30.

Fastmarkets calculated its daily steel hot-rolled coil (HRC) index, domestic, exw Northern Europe, at ?,?836.00 ($984.44) per tonne on Tuesday, down by just ?,?0.67 per tonne from ?,?836.67 per tonne on March 29.
The index was, however, up by ?,?27.67 per tonne week on week and up by ?,?98.00 per tonne month on month.

The calculation of Tuesday's index was based on achievable prices estimated by...

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