EUROPE HRC: Domestic prices keep rising on material shortage

Domestic prices for hot-rolled coil continued to rise across Europe on Wednesday May 12, with producers having few volumes to offer in the spot market and there being a lack of import alternatives, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,058.13 ($1,285.71) per tonne on May 12, up by ?,?15.63 per tonne from ?,?1,042.50 per tonne on May 11.
The index was also up by ?,?43.13 per tonne week on week and up by ?,?156.46 per tonne month on month.
Wednesday's index was based on market sources' estimates of achievable prices and some transactions heard at ?,?1,025-1,100 per tonne ex-works.
ArcelorMittal increased HRC offers by ?,?50 per tonne to ?,?1,100 per tonne ex-works on Wednesday.

Fastmarkets' calculation for its daily steel hot-rolled coil...

Global trade tensions ease and inflation continues to decline

Gold stocks down as metal slumps and equities rise

Big Gold has another strong quarter, but some signs growth cooling

Gold stocks nearly regain highs on rising metal price

Gold stocks down as risk on move continues