Domestic prices for hot-rolled coil in Europe increased again in the week to Wednesday November 11, supported by tight supplies, sources told Fastmarkets.
"There is a shortage of HRC in the market," an Italian distributor told Fastmarkets. "Buyers are struggling to get material from either domestic or overseas mills and, naturally, [then] have to accept higher prices."The region's steelmakers have been offering HRC at ?,?540-550 per tonne, but this was not included in the index because no...