In Northern Europe, a buyer indicated mill offers at €760 ($862) per tonne ex-works.
“The market is very quiet. Small bookings are being done at €740 per tonne ex-works,” the source added.
No other fresh price points were reported during the pricing session. Thus, in line with Fastmarkets’ methodology, seller data from Tuesday indicating workable levels at €740-750 per tonne ex-works was carried over into Wednesday’s calculation. On Tuesday, a buyer had indicated workable levels at €745-760 per tonne ex-works and a second buyer had reported tradable levels at €735-750 per tonne ex-works.
Consequently, Fastmarkets’ daily steel hot-rolled coil index domestic, exw Northern Europe was calculated at €746.88 per tonne on Wednesday September 30, up by €0.63 per tonne from €746.25 per tonne on Tuesday September 29.
The index was up by €6.88 per tonne week on week and by €5.63 per tonne month on month.
In Italy, trading activity remained constrained by cautious downstream buying.
A buyer source reported an indication within €740-745 per tonne ex-works.
“We hear workable levels have come closer to the Northern European level,” the source added.
A second buyer source indicated achievable levels slightly higher, at €740-750 per tonne ex-works.
As a result, Fastmarkets’ daily steel hot-rolled coil index domestic, exw Italy was calculated at €743.75 per tonne on Wednesday September 30, up by €1.25 per tonne from €742.50 per tonne on Tuesday September 29.
The index was up by €8.75 per tonne week on week and by €26.25 per tonne month on month.
