EUROPE HRC: Upward price trend driven by shortage of material

The domestic price for hot-rolled coil in Northern Europe moved up again day-on-day on Thursday December 3 due to a materials shortage in the market, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?570.00 ($688.49) per tonne on Thursday, up by ?,?4.23 per tonne from ?,?565.77 per tonne on December 2.
The index was up by ?,?8.75 per tonne week on week and by ?,?64.04 per tonne month on month.
Thursday's index was based on achievable prices and deals heard at ?,?560-580 per tonne ex-works.

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