Market participants were digesting the potential effects of HRC supply delays due to accidents at two of ArcelorMittal's plants and the potential price trend in the second quarter of the year.
Most buyers in Northern Europe estimate the price of HRC in the region between €830 and €860 per ton ex-works.
Italian origin coil offers to the region are reported as €880-900 per ton delivered.
The daily steel hot rolled coil index ex-Northern Europe was calculated at €855.00 per ton on Tuesday.
The domestic hot rolled steel coil index ex-Italy was calculated at €853.13 per ton on Tuesday.
Sources reported that HRC deals for July delivery were closed at €870-880 per ton delivered.
It is heard that HRC offers from India and South Korea for June/July shipments are €750-770 per tonne CFR.
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