EUROPE HRC: Domestic prices slide on slow demand, lower import offers

Domestic prices for hot-rolled coil in Europe declined day on day on Tuesday July 27 due to a combination of weak demand and competitive import offers, sources told Fastmarkets.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?1,146.46 ($1,351.87) per tonne on Tuesday July 27, down by ?,?8.90 per tonne from ?,?1,155.36 per tonne on July 26.
The index was down by ?,?17.54 per tonne week on week, and down by ?,?44.68 per tonne month on month.

Silver outperformance driven by weak supply growth

Supply data still points to major silver deficit this year

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history