European domestic HRC prices reach ‘bottom’

Domestic prices for hot rolled coil (HRC) in the European Union have reached “bottom” after declining for the past month, sources told Metal Bulletin this week.

The price fall is likely to stop due to an improvement in market activity, driven by a rise in mill re-stocking, according to market participants.
“Demand has improved, as buyers started to look for coil with the delivery in the second half [of the year] to put in stock,” a first source said.

In addition, the mills were reported to be well booked and they have been offering coil with either production or delivery in September, according to the...

Published

Maria Tanatar

June 29, 2017

11:21 GMT

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