Domestic prices for hot-rolled coil in Northern Europe have moved up day on day, supported by good order books at mills and a lack of competitive imports, sources told Fastmarkets on Wednesday February 19.
Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was calculated at ?,?481.25 ($520.53) per tonne on February 19, up by ?,?0.94 per tonne from ?,?480.31 per tonne on February 18.Although the prices have continued to rise this week, the pace has slowed down, mainly due to buyers being unwilling to risk acquiring large lots of material from European producers...