According to sources, the market still awaits more clarity on impending regulations, including the EU’s Carbon Border Adjustment Mechanism (CBAM), which is set to enter its definitive phase on January 1.
In Northern Europe, estimates of workable prices for HRC were heard around €610 ($709) per tonne ex-works.
No deals were reported during the day.
Fastmarkets’ daily steel hot-rolled coil index domestic, exw Northern Europe was calculated at €619.58 per tonne on Wednesday, down by €3.23 per tonne from €622.81 per tonne on Tuesday December 9.
The index was up by €2.08 per tonne week on week and by €9.58 per tonne month on month.
In Italy, estimates of workable prices were heard within the range of €600-610 per tonne ex-works. No fresh deals were heard.
Fastmarkets’ daily steel hot-rolled coil index domestic, exw Italy was calculated at €612 per tonne on Wednesday, down by €1.75 per tonne from €613.75 per tonne on Tuesday.
The index was up by €11.17 per tonne week on week and by €15.75 per tonne month on month.
