Demand for coil in Southern Europe remained weak, although some sources noted a degree of pickup in buying activity. Competition between the region’s distributors was reported to be tough.
Metal Bulletin’s price assessment for domestic HRC in Southern Europe was €500-540 ($588-636) per tonne ex-works on June 13, down from €520-550 per tonne ex-works a week earlier.
Prices for the material in Italy were heard at €500-530 per tonne ex-works, while the upper end of the assessment represented prices in Spain.
“Now it seems that prices are more stable,...