European hot-rolled coil (HRC) prices edged higher on Friday November 6, as mills continued to seek price increases for early 2027 deliveries, sources told Fastmarkets.
In Northern Europe, a buyer source reported a deal at €770 ($865) per tonne ex-works for January delivery, with workable levels indicated at €760-780 per tonne ex-works.
No other price points were received during the day. For this reason, all prices from Thursday’s index were carried over to the following day, in line with Fastmarkets’ methodology.
A seller source provided an indication of tradeable levels for December production volumes at €750 per tonne ex-works, and at €760-770 per tonne ex-works for January production.
A buyer source reported an indication of tradeable levels for December production volumes at €750 per tonne ex-works and for the first quarter of 2027 within the range of €760-770 per tonne ex-works.
Another buyer source provided an indication of tradeable levels at €770 per tonne ex-works.
Fastmarkets’ daily steel hot-rolled coil index domestic, exw Northern Europe was calculated at €761.25 per tonne on Friday November 6, up by €1.67 per tonne from €759.58 per tonne on Thursday November 5.
The index was down by €10.50 per tonne week on week and by €16.25 per tonne month on month.
In Italy, a source from a large producer told Fastmarkets that material for January was being offered for €750-765 per tonne ex-works. A buyer source said that material was still available for €740-745 per tonne ex-works.
No other price points were received during the day or on Thursday.
On Wednesday, a source at a local mill said the producer had already closed its sales for the fourth quarter of 2026, with the latest deals done at around €740 ($828) per tonne ex-works. The same source added that the mill was aiming to defend €750 per tonne ex-works as the minimum level for the first quarter of 2027 deliveries.
On Tuesday, a buyer reported an offer at €760 per tonne delivered, which is equivalent to €740-745 per tonne ex-works after deducting delivery costs of €15-20 per tonne. The same source said they were hearing workable levels mainly in the range of €750-770 per tonne delivered, or around €730-755 per tonne ex-works.
As a result, Fastmarkets’ daily steel hot-rolled coil index domestic, exw Italy was calculated at €747.29 per tonne on Friday November 6, up by €1.79 per tonne from €745.50 per tonne on Thursday November 5.
The index was up by €1.98 per tonne week on week and by €2.29 per tonne month on month.
