EUROPE HRC: Price outlook negative on slow trading

Domestic prices for hot-rolled coil (HRC) in the EU were expected to move down slightly while trading activity remained slow, sources told Fastmarkets on Thursday January 17.

In addition, the definitive decision in the safeguard investigation by the European Commission (EC) is expected to have little effec on the HRC market, according to market sources. So EU mills are unlikely to achieve any price rises after the measures come into force in early February. The EU member states voted on January 16 to support the proposal for definitive measures in the region’s safeguard investigation into imported steel. The EC will now finalize the procedure, so that the definitive measures can come into effect from the start of February 2019, and will remain in place until July 2021. The EC notified the World Trade Organization (WTO) on January...


Maria Tanatar

January 17, 2019

19:38 GMT