European producers of hot-rolled coil have achieved a transaction price increase supported by the lack of import offers and a degree of demand improvement, sources told Fastmarkets on Wednesday July 1.
The definitive decision in the EU's safeguard measures review on June 30 will also support domestic prices, market sources said. The European Commission has decided to replace yearly country-specific quotas with quarterly quotas, among other changes.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?400.00 ($449.13) per tonne on July 1, up by ?,?3.12 per tonne day on day from ?,?396.88 per tonne on June 30, and up ?,?5.63...