Market activity is expected to start to recover in late August and will be back tos normal in September, according to market participants.
“The market is very calm these days, but I have the feeling that it will wake up with a shock one or two weeks from now,” a Northern European trader said.
The rise is expected to be supported by combination of the effects from a recent European Union safeguard case, recovery in demand, and good order books at the mills, according to market sources.
“Delivery times are getting longer. We even got an offer from one...