Domestic transaction prices for hot-rolled coil (HRC) in the EU have moved up over the past week and steelmakers were looking for further price rises, market sources told Fastmarkets on Wednesday June 5.
Fastmarkets' weekly price assessment for domestic HRC in Northern Europe was ?,?485-495 ($546-557) per tonne ex-works on Wednesday, up by ?,?5 per tonne week-on-week.The assessment represented transactions and "workable" prices heard in the market.In the meantime, Northern European mills have been offering HRC at ?,?510-530 per tonne ex-works, according to market sources."I think that deals will be done around ?,?500 per tonne ex-works by the end of June," a German distributor said.Demand in the north of Europe was still reported as slow, but some sources believed that it should improve by the end of the month due to re-stocking ahead of seasonal slowdown in the second half of summer.Fastmarkets' weekly price assessment for domestic HRC in Southern Europe moved up to ?,?465-480 per tonne ex-works on June 5, from ?,?445-465 per...