EUROPE HRC: Domestic prices stable in quiet market

Domestic prices for hot-rolled coil in Europe have been fairly stable due to slow market activity, sources told Fastmarkets on Wednesday May 20.

Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?410 ($448.14) per tonne on Wednesday, up by only ?,?0.16 per tonne from ?,?409.84 per tonne on Tuesday.
Wednesday's index was calculated based on deals heard at ?,?405-415 per tonne ex-works, as well as offers reported at ?,?420 per tonne ex-works and bids heard at ?,?400-405 per tonne ex-works.
The index was down by ?,?3.50 per tonne week on week and down by ?,?35.00 per tonne month on month.

Domestic prices in Northern Europe have been fairly stable since the beginning of the week in a quiet market. Distributors have been booking only small volumes...

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