EUROPE HRC: Mills increase domestic offers despite poor demand

European steelmakers have increased their official offer prices on hot-rolled coil in Northern Europe although trading activity remained low, sources told Fastmarkets on Tuesday June 23.

Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?388.00 ($435.58) per tonne on Tuesday, down by ?,?2.11 per tonne from ?,?390.11 per tonne on June 22.
The index was down by ?,?3.56 per tonne week on week, however, and down by ?,?19.50 per tonne month on month.

Tuesday's index was based on the lower end of offers and "workable" prices heard at ?,?380-400 per tonne ex-works, and bids reported...

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