Fastmarkets plans to replace its weekly assessment for domestic hot-rolled coil (HRC) prices in Northern Europe with a daily index - to better reflect the increasing price volatility caused by tougher EU trade measures.
Fastmarkets has concluded that a daily HRC index is necessary because the existing weekly price assessment is not nimble enough to react to the increasingly rapid changes in the market, partially caused by an increased reliance on domestic supplies.The European steel market has followed the same pattern as other key global steelmaking regions amid rising global trade tensions by introducing a number of trade measures that have made it more focused on local production. The European Commission (EC) set definitive anti-dumping measures on...