EUROPE HRC: Domestic prices continue to rise supported by lack of imports

Domestic prices for hot-rolled coil have moved further upward over the past week across Europe, supported by a lack of competitive import offers and a slow revival of demand, sources told Fastmarkets on Wednesday July 8.

Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?404.00 ($456.17) per tonne on Wednesday, up by ?,?0.87 per tonne day on day from ?,?403.13 per tonne on July 7.
Wednesday's index was based on deals heard at ?,?400-410 per tonne ex-works. Official offers, in the meantime, have been reported at ?,?420-440 per tonne ex-works.
The index has increased by ?,?4.00 per tonne week on week, and was up by ?,?5.25 per tonne month on month.

Fastmarkets' weekly price assessment for...

Gold stocks decline on flat metal and mixed equities

Copper price expected to range from flat to slight gain in 2025

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains