Steelmakers in Northern Europe have decreased their domestic prices for hot-rolled coil (HRC) because they need to secure orders in a slow market, sources told Fastmarkets on Wednesday October 9.
Fastmarkets' weekly price assessment for steel HRC, domestic, exw Northern Europe, was ?,?440-445 ($483-488) per tonne on October 9, down by ?,?10 per tonne week on week from ?,?450-455 per tonne ex-works.The region's mills have been offering material at ?,?445 per tonne ex-works, but the majority of sources assessed the level of the market at ?,?440 per tonne ex-works.In addition, two big distributors said that German mills will accept prices of ?,?425-430 per tonne ex-works for bigger lots of HRC, and for material with higher extras for size or grade. This price, however, was not included in the assessment because no deals have been reported at this price.Buyers believed that domestic...