EUROPE HRC: Domestic prices move up, mills expected to raise offers further

Domestic prices for steel hot-rolled coil in Northern Europe increased day on day on Thursday February 25 due to tight supply, sources have told Fastmarkets.

Market participants expected that European steelmakers would increase their offers next week in an attempt to trigger further price rises.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?735.00 ($893.19) per tonne on Thursday, up by ?,?4.32 per tonne from ?,?730.68 per tonne on February 24.
The index was also up by ?,?10 per tonne week on week and by ?,?25 per tonne month on month.

The...

Base metals outlook for 2026 opaque after decent rise last year

Gold and silver stocks far outpace the major markets

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises