EUROPE HRC: Domestic prices stable but mills pushing for rises

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Tuesday August 11, due to the normal seasonal demand slowdown.

But steelmakers insisted on higher offers, and deal prices were likely to rise in September, when market activity traditionally revives after the summer lull.
Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?415.00 ($488.24) per tonne on Tuesday, up by ?,?0.83 per tonne from ?,?414.17 per tonne on Monday.

Tuesday's index...

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