EUROPE HRC: Sentiment improves despite seasonal slowdown

July 23, 2020 / www.metalbulletin.com / Article Link

Sentiment in the European hot-rolled coil market has been positive despite the seasonal slowdown in activity in the second half of the summer, sources told Fastmarkets on Wednesday July 22.

Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?407.68 ($467.82) per tonne on Wednesday, up by just ?,?0.01 per tonne from ?,?407.67 per tonne on July 21.
Wednesday's index was based on deals heard at ?,?405-410 per tonne ex-works and "workable" prices reported at ?,?405-425 per tonne ex-works.

Official offers of HRC from the region's steelmakers have been heard at ?,?450 per tonne ex-works, but...

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