European steel hot-rolled coil prices were unchanged on Wednesday December 31 amid muted trading, with most participants out of the market for the holidays.
Fastmarkets’ daily steel HRC index domestic, exw Northern Europe was €627.50 ($738.13) per tonne on Wednesday, unchanged since December 24.
The index was unchanged week on week, but up by €12.50 per tonne month on month.
The latest official offers from Northern European mills for February/March-delivery HRC were heard at €630-670 per tonne ex-works or delivered. But estimations of tradable levels were still below €630 per tonne ex-works.
Fastmarkets’ daily steel HRC index domestic, exw Italy was €623.12 per tonne ex-works on Wednesday, also unchanged since December 24.
The index was unchanged week on week, but up by €20.62 per tonne month on month. The latest estimates of workable levels were reported at €610-620 per tonne ex-works.
