Domestic prices for steel hot-rolled coil in Europe continued to recover over the week to Wednesday February 24, supported by material shortages combined with good demand, sources have told Fastmarkets.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?730.68 ($888.23) per tonne on Wednesday, up by ?,?4.68 per tonne from ?,?726.00 per tonne on February 23.The assessment reflected average achievable prices heard in the market. One Italian buyer estimated "workable" prices at ?,?690-700 per tonne ex-works, but the lower end of the range was not confirmed by other sources. Prices in Spain, in the meantime,...