EUROPE HRC: Domestic prices inch down despite bullish sentiment among mills

Domestic prices for hot-rolled coil in Northern Europe moved down day on day on Tuesday February 2, despite attempts by European mills to impose price rises, sources have told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?709.00 ($857.51) per tonne on Tuesday, down by ?,?4.33 per tonne from ?,?713.33 per tonne on February 1.
The index was also down by ?,?2.00 per tonne week on week, but it was up by ?,?42.33 per tonne month on month.
The calculation of Tuesday's index was based on achievable prices and deals heard at ?,?690-730 per tonne ex-works.

At the end of last week, ArcelorMittal increased its official offers on HRC to ?,?750 per tonne...

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