EUROPE HRC: Sentiment negative on coronavirus uncertainty

The hot-rolled coil market in Northern European weakened slightly on Friday March 13 on negative sentiment due to uncertainty relating to the novel coronavirus (2019-nCoV) outbreak, sources told Fastmarkets.

Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?481.18 ($540.29) per tonne on Friday March 13, down by ?,?1.32 per tonne from ?,?482.50 per tonne on March 12.
The index was calculated based on deals and workable prices heard at ?,?470-490 per tonne ex-works.
Northern European mills have not all been following the same pricing policy, according to market sources.

Some mills with good order books - and claiming to be offering June shipment coil - are offering material at...

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