Fastmarkets’ daily steel HRC index domestic, exw Northern Europe, was calculated at €644.58 ($706.85) per tonne on Wednesday, down by €1.25 per tonne from €645.83 the day before.
The Northern Europe index was down by €3.34 per tonne week on week and down by €37.42 per tonne month on month.
Seasonal closures resulted in minimal market activity, Fastmarkets heard.
“Very little is happening, as is typical of this time of year,” a trader source in the region said.
Most buyers’ estimates of a tradable price were reported in the region of €620-650 per tonne ex-works on August 9, but one buyer source reported a higher estimate of €650-680 per tonne.
Fastmarkets’ calculation of the daily steel HRC index, domestic, exw Italy, was €633.68 per tonne on Wednesday, down by €2.57 per tonne from €636.25 per tonne the previous day.
The Italy index was down by €2.15 per tonne week on week on Wednesday, and down by €28.32 per tonne month on month.
The Italian market was similarly inactive because of summer closures.
Buyers’ estimates of workable prices for HRC for delivery in September-October were reported at €630-640 per tonne ex-works on August 9.
No fresh import offers were reported, however, with demand for imports said to be nearly nil.
Published by: India-Inés Levy
