“Demand is weak as buyers have enough material in stocks,” a Northern European source said.
In the meantime, import offers of the material have increased, mainly due to higher prices for HRC in Turkey where steelmakers increased their offers due to higher scrap costs.
In the meantime, suppliers from India were reported to withdraw offers from the market until further price trend will become clear, according to market sources.
The rise of import offers in combination with upcoming decision in safeguard case is likely to support domestic prices, according to market sources. European...