EUROPE HRC: Material shortage maintains upward push on prices

Domestic prices for hot-rolled coil increased day on day in Northern Europe on Monday December 14 due to a materials shortage in the market, sources have told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?623.33 ($754.87) per tonne on Monday, up by ?,?17.08 per tonne day on day from ?,?606.25 per tonne on December 11.
The index was also up by ?,?46.66 per tonne week on week and by ?,?98.23 per tonne month on month.
Monday's index was based on "workable" prices and deals heard at ?,?610-640 per tonne ex-works.

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