The only positive factor supporting domestic prices was high import offers, but it is unlikely to help EU mills to keep prices stable, market participants said.
Buying activity has been low, with some buyers who had their stocks decrease in no hurry to make new deals. Yet pressure on steelmakers has been mounting with delivery times getting shorter.
Fastmarkets’ weekly price assessment for domestic HRC in Southern Europe was €455-485 ($513-546) per tonne ex-works on Wednesday April 10, compared with €460-490 per tonne ex-works a week earlier.
Italian steelmakers have reportedly offered and traded HRC at €455-470 per tonne ex-works depending on volumes,...