EUROPE HRC: Domestic prices stable; mood remains negative

May 02, 2020 / www.metalbulletin.com / Article Link

Domestic prices for hot-rolled coil in Europe were largely stable day on day on Friday Monday 1, but sentiment in the market remains negative, sources told Fastmarkets.

Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?425.63 ($463.83) per tonne on Friday May 1, down by ?,?0.08 per tonne from ?,?425.71 per tonne on April 30.
Friday's index was calculated based on deals heard at the equivalent of ?,?420-430 per tonne ex-works, offers heard at ?,?450 per tonne ex-works and workable prices reported at ?,?420 per tonne ex-works.

The index was down by ?,?17.50 per tonne week on week and down by ?,?46.87 per tonne since the...

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