EUROPE HRC: Northern domestic prices stable; Italian prices slide

Domestic hot-rolled coil prices were stable in Northern Europe on Friday July 30 but fell in Italy, market sources told Fastmarkets.

Northern European mills have either been holding back from making new offers or had limited volumes of rolling coil for the end of 2021/first quarter of 2022. Since buyers have reportedly contracted for sufficient tonnages of HRC until the end of the year, they have been in no hurry to book more at high prices.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe unchanged at ?,?1,143.33 ($1,357.43) per tonne on Friday.

The index was down by...

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