European steelmakers increased their offer prices on hot-rolled coil at the end of this week, and transaction prices were also expected to rise, sources told Fastmarkets on Friday November 15.
Some Northern European mills announced a price rise for the product of about ?,?30 ($33) per tonne, according to market sources.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Northern Europe, was ?,?420-425 ($462-468) per tonne on November 13, compared with ?,?415-425 per tonne a week earlier.Taking the announced rise into account, the mills' target price would be around ?,?450-455 per tonne ex-works.Although no deals have been reported...