EUROPE HRC: Short supplies, long lead times support rising prices

European hot-rolled coil prices pushed up on Thursday June 24, despite limited trading, supported by ongoing shortages and with ArcelorMittal again raising its offer prices just a month after its previous increases.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,190.87 ($1,421.20) per tonne on Thursday, up by ?,?5.83 from ?,?1,185.04 per tonne on June 23.
The index was also up by ?,?47.12 per tonne week on week and by ?,?59.62 per tonne month on month.

Thursday's index was based on deals done at ?,?1,150-1,200 per tonne exw,...

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