EUROPE HRC: Market slows on buyer bearishness

February 07, 2020 / www.metalbulletin.com / Article Link

European buyers of domestic hot-rolled coil were mainly in "wait-and-see" mode on Thursday February 6, unwilling to risk purchasing big volumes amid potential import competition, sources told Fastmarkets.

Fastmarkets' steel hot-rolled coil index, domestic, ex-works Northern Europe was calculated at ?,?470.18 ($515.93) per tonne on Thursday February 6, down by ?,?5.73 per tonne from ?,?475.91 per tonne a day earlier.
The index was based on deals heard at ?,?470-475 per tonne ex-works. Bids and achievable prices for material were heard at ?,?460-480 per tonne ex-works.

Despite the decrease...

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