EUROPE HRC: Domestic offers up; sentiment stays upbeat on material shortage

Domestic transaction prices for hot-rolled coil increased slightly in Northern Europe day on day Thursday December 17 due to a shortage of material in the market that allowed steelmakers to push offers up further.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?647.92 ($788.95) per tonne on Thursday December 17, up by ?,?1.92 per tonne day on day from ?,?646.00 per tonne on Wednesday.
The index was also up by ?,?42.92 per tonne week on week and by ?,?118.34 per tonne month on month.
Transaction prices were reported as being settled at an average of ?,?620-655 per tonne ex-works, and in some cases, buyers accepted prices of about ?,?665 per tonne ex-works. 

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