Domestic prices for hot-rolled coil jumped day on day in Northern Europe on Wednesday September 9, supported by long lead times, reduced output from local mills and a lack of import offers, sources have told Fastmarkets.
Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.25 ($561.71) per tonne on Wednesday, up by ?,?8.30 per tonne from ?,?467.95 per tonne on Tuesday.The region's steelmakers have pushed their official offers for HRC up to ?,?500-530 per tonne ex-works, with ArcelorMittal offering the material at ?,?520-530 per tonne ex-works in Northern Europe. These offers were not included in the index, however, because no deals have been confirmed...