Fastmarkets’ daily steel hot-rolled coil index domestic, exw Northern Europe was calculated at €645.83 ($710.69) per tonne on Monday, unchanged from Friday August 4.
Most mills have withdrawn from the market as is typical for this time of year.
During the week to Friday August 4, producers in Northern Europe were offering November-rolling HRC at around €700 per tonne EXW.
Meanwhile, buyers’ estimates of the tradable level were heard at €630-650 per tonne EXW on Friday.
Activity was essentially non-existent across the European HRC market. Some sources were optimistic that demand and prices could pick up in September, Fastmarkets heard.
Fastmarkets’ daily steel hot-rolled coil index domestic, exw Italy was calculated at €636.25 per tonne on Monday, unchanged from Friday.
The Italian market was in holiday mode and most mills and buyers were inactive.
Buyers’ estimates for workable prices for September-October-delivery HRC were reported at €630-640 per tonne ex-works during the week to August 5.
No fresh import offers were reported.
Published by: India-Inés Levy
