Most of the sources Fastmarkets contacted during the day said that they would be out of the market until next week.
Fastmarkets’ daily steel HRC index, domestic, exw Northern Europe, was assessed at €627.50 ($735.50) per tonne on Friday, unchanged since December 24.
The index was unchanged week on week, but was up by €9.17 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 estimates of tradable values were still below €630 per tonne ex-works.
Fastmarkets’ daily steel HRC index, domestic, exw Italy, was calculated at €623.12 per tonne ex-works on Friday, also unchanged since December 24.
The index was also unchanged week on week, but was up by €19.99 per tonne month on month.
