EUROPE HRC: Domestic prices down as buyers resist rises

Domestic prices for hot-rolled coil (HRC) in the EU have fallen slightly this week, sources told Metal Bulletin on Wednesday April 18.

Although market participants previously expected prices to remain stable, the decline of HRC prices has had a negative effect on the European market.
“I do not expect prices to drop significantly, but sentiment is definitely less positive than it was before,” a trader said.

In addition, end-users continue to resist any price rises for material sold from distributors, because the steel-using sectors have not fully absorbed the price increase in the first quarter...


Maria Tanatar

April 18, 2018

18:10 GMT