Domestic prices for hot-rolled coil in Europe have been stable day on day, but the mood in the market remained upbeat, sources told Fastmarkets on Thursday November 21.
Northern Europe
"Workable" prices and a few deals have been heard at ?,?420-425 ($465-470) per tonne ex-works, but market sources suggested that mills could give additional discounts of about ?,?5 per tonne to specific buyers for December rolling.
This would be in line with Fastmarkets' latest price assessment for
steel HRC, domestic, exw Northern Europe, which was
?,?420-425 per tonne on November 20.
The mills have been targeting higher prices, aiming to achieve ?,?440-450 per tonne ex-works. But some sources claimed that there were no official...