EUROPE HRC: Material shortage drives domestic prices up; mills seek further price rises

Domestic prices for hot-rolled coil in Europe rose day on day on Friday March 19 on a shortage of material combined with good demand, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?799.38 ($954.46) per tonne on Friday March 19, up by ?,?6.88 per tonne from ?,?792.50 per tonne the previous day.
The index was up by ?,?6.38 per tonne week on week and by ?,?75.63 per tonne month on month.
The calculation of Friday's index was based on achievable prices evaluated by market participants at ?,?790-800 per tonne ex-works.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw...

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