EUROPE HRC: Mills bullish on tight supply but buyers question long-term sustainability of rally

More European mills have pushed offers up seeking hot-rolled coil transaction price rises due to limited availability of the material, sources told Fastmarkets on Friday January 29.

Buyers, in the meantime, questioned how sustainable these attempts would be in long-term.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?712.50 ($862.83) per tonne on Friday January 29, up by ?,?1.50 per tonne from ?,?711.00 per tonne on January 28.

The index was up by ?,?1.25 per tonne week on week, and by ?,?47.50 per tonne month on month....

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