Domestic prices for hot-rolled coil in Southern Europe have moved up due to reduced output and a rise in import offers, sources told Fastmarkets on Tuesday November 19.
At the same time, Northern European transaction prices have been largely stable after the region's steelmakers announced a price rise at the end of last week.Southern EuropeSouthern European mills have been targeting prices of ?,?400-420 ($443-465) per tonne ex-works, with deals reported at ?,?400-405 per tonne ex-works.This compared with Fastmarkets' latest weekly price assessment for steel HRC, domestic, exw Southern Europe, at ?,?390-400 per tonne on November 13.The price rise was supported by reduced output from the local steelmakers and a rise in import offers, particularly for material from Turkey, the main overseas supplier of HRC to Europe.ArcelorMittal Italia has announced plans to...