Domestic prices for hot-rolled coil have increased across Europe, supported by good order books at European mills and a lack of competitive import offers, sources told Fastmarkets on Wednesday January 29.
Northern Europe
Fastmarkets' daily
steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?467.08 ($514.49) per tonne on Wednesday, up by ?,?0.52 per tonne day on day from ?,?466.56 per tonne on January 28. The index has risen by ?,?4.70 per tonne week on week and by ?,?27.91 per tonne since the beginning of January.
The index was based on deals heard at ?,?460-475 per tonne ex-works and "workable" prices estimated by market sources at ?,?460-470 per tonne ex-works.
The market was on an upward trend and prices will...