Restocking Efforts Lift Steel Prices

Healthy construction demand and increased activity from the auto sector are likely to push up northern European prices for hot rolled coil in January and into February, following decreases from the previous month, sources stated. Mills are now transacting material at around €900-920 ($1,020-1,045) per metric ton exw, down from previous transactions €980-1,000 ($1,110-1,135) heard in late December. Cold rolled coil normally carries a premium of €80-120 ($90-135) per metric tons. Turkish imports An onslaught of imports from Turkey,…