EUROPE HDG: Sentiment negative on slow market activity

Domestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets.

Fastmarkets’ weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at €550-570 ($608-630) per tonne ex-works on September 19, reflecting the latest deals and offers heard in the market. The corresponding assessment for steel HDG, domestic, exw Southern Europe, was €510-540 per tonne ex-works this week. This assessment also represented deals and offers heard in the market. Although demand for HDG has been slow, the sector was better placed than the market for hot-rolled coil (HRC). Domestic HDG prices have been under less pressure from cheap import offers compared...

Published

Maria Tanatar

September 19, 2019

19:18 GMT

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