EUROPE HRC: Higher offers to be partially reflected in transaction prices in the North

Northern European steelmakers are expected to achieve increased domestic transaction prices in December, partially reflecting higher offers, sources told Fastmarkets on Thursday December 5.

Fastmarkets' steel hot-rolled coil index domestic, exw Northern Europe, was ?,?431.63 ($479.15) per tonne on December 5.
The assessment is based on "workable" prices reported by market sources at ?,?425-430 per tonne ex-works and the lower end of official offers of ?,?435-440 per tonne ex-works.
No new deals have been reported, and buyers are expected to start negotiations with steelmakers for a new round of deals next week, according to market sources.

The steelmakers in the region have been offering first quarter rolling HRC at...

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