EUROPE HRC: Domestic prices up following offer rise

Domestic prices for hot-rolled coil in Northern Europe jumped day on day on Monday January 11 following an offer rise announcement from ArcelorMittal last Friday, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?688.00 ($840.40) per tonne on Monday January 11, up by ?,?20.50 per tonne from ?,?667.50 per tonne on Friday. The index was also up by ?,?21.33 per tonne week on week and by ?,?81.75 per tonne month on month.
It was calculated based on achievable prices heard at ?,?680-700 per tonne ex-works, a deal reported at the end of last week at ?,?680-690 per tonne ex-works and bids heard at ?,?660-670 per tonne ex-works sources said.

At the end of last week, ArcelorMittal pushed offers for domestic HRC up by ?,?30 per tonne...

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