EUROPE HRC: Shortage, good demand sustain steady upward price trend

May 26, 2021 / www.metalbulletin.com / Article Link

A combination of tight supply and strong demand was keeping the European hot-rolled coil market bullish, with the situation unlikely to change any time soon, market participants told Fastmarkets on Tuesday May 25.

Some sources, however, were growing concerned that recent price falls in China might put an end to the rapid increases in Europe.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,139.17 ($1,390.08) per tonne on Tuesday, up by ?,?7.92 per tonne from ?,?1,131.25 per tonne on May 24.

The index was also up by ?,?56.67 per tonne week on week and by ?,?167.92 per...

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