EUROPE HRC: Domestic offers rise; material shortage keeps market mood bullish

March 06, 2021 / www.metalbulletin.com / Article Link

Sentiment in the European hot-rolled coil market was upbeat on Friday March 5, supported by a shortage of material in the market and solid demand, sources told Fastmarkets.

ArcelorMittal raised official offers for HRC to ?,?800 ($962) per tonne ex-works on Friday, up by ?,?50 per tonne, following the recovery of domestic prices earlier this week. Downstream coil product offer prices, meanwhile, moved up by ?,?20 per tonne, following a similar increase a week earlier.
Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?750 per tonne on Friday, unchanged day on day.

The index is up by ?,?12 per tonne week...

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