European hot-rolled coil prices were stable to slightly lower on Thursday November 11, on subdued activity, but producers hope to achieve higher prices in the first quarter of 2022, sources told Fastmarkets.
Trading activity was slow, with buyers refraining from making purchases and instead assessing the situation.
Producers, meanwhile, were looking to achieve higher prices for the first quarter of 2022 to offset surging costs for raw materials, transport and energy.
Fastmarkets calculated its
daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,012.14 ($1,168.47) per tonne on November 11, down by ?,?10.08 per tonne from ?,?1,022.22 per tonne on November 10.
The...