EUROPE HRC: Domestic prices inch up on tight supply

Domestic prices for hot-rolled coil in Northern Europe moved up slightly day on day on Friday November 6, due to long lead times at European mills and a lack of import offers, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?512.53 ($604.08) per tonne on Friday, up by ?,?1.19 per tonne from ?,?511.34 per tonne on Thursday.
The index was also up by ?,?7.53 per tonne week on week and by ?,?16.07 per tonne month on month.
Friday's index was based on deals heard at ?,?510-520 per tonne ex-works, with achievable prices heard at the same level.

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