Domestic prices for hot-rolled coil moved up across the EU over the week to Wednesday August 26 supported by some improvement in demand, a lack of competitive imports, reduced output and high raw materials costs, sources have told Fastmarkets.
Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?447.87 ($529.34) per tonne on Wednesday, up by ?,?5.04 per tonne day on day from ?,?442.83 per tonne on Tuesday.Wednesday's index was based on deals heard at ?,?435-460 per tonne ex-works as well as "workable" prices...