Domestic prices for hot-rolled coil in both Northern and Southern Europe dropped over the week ended Friday May 1 due to supply exceeding demand.
Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?425.63 ($467.04) per tonne on May 1, down by ?,?17.50 per tonne week on week and down by ?,?46.87 per tonne since the start of April.Friday's index was calculated based on deals heard at the equivalent of ?,?420-430 per tonne ex-works, offers heard at ?,?450 per tonne ex-works and workable prices reported at ?,?420...