In Northern Europe, mills’ targets remained in the range of €620-650 per tonne ex-works, with only one re-roller in the region heard offering coil around €600 per tonne ex-works.
Estimates of workable prices still ranged €610-620 per tonne ex-works, with no deals heard on the day.
As a result, Fastmarkets’ daily steel hot-rolled coil index domestic, exw Northern Europe moved marginally to €615.00 ($713.00) per tonne on Friday, down by just €0.17 per tonne from €615.17 per tonne on November 27.
The index was up by €2.92 per tonne week on week and by €12.95 per tonne month on month.
In Italy, January-delivery coils were available within the range of €600-620 per tonne ex-works, while workable prices were said to remain below €600 per tonne ex-works.
Fastmarkets’ daily steel hot-rolled coil index domestic, exw Italy was calculated at €602.50 per tonne on Friday, up by €0.42 per tonne from €602.08 per tonne on Thursday.
The index was up by just €0.62 per tonne week on week, but increased by €11.25 per tonne month on month.
In Central Europe, HRC — including material from the leading European supplier — was available at €640-645 CPT(around €630 ex-works) versus €620-630 per tonne CPT heard earlier in November, with some tonnages heard sold at the lower end of the range.
Successful closure of December order books by the key local supplier, the absence of pressure from import material — particularly from Indonesia — as well as the rise in regional pipe prices were cited by sources as some of the key reasons for the increase.
This information, however, emerged after the publication of Fastmarkets’ weekly price assessment for steel hot-rolled coil, domestic, exw Central Europe on Wednesday November 26, when it stood at €610-620 per tonne, unchanged from the week prior.
