EUROPE CRC: Prices under pressure from subdued trading activity

Domestic prices for cold-rolled coil (CRC) in the EU have been under pressure from limited market activity, sources told Fastmarkets on Wednesday October 9.

Demand from end-users has been low, according to market participants. In addition, buyers believed that prices would go down and therefore they preferred to hold back from purchases until prices reached a market bottom. Domestic prices for hot-rolled coil (HRC), the material used as feedstock for CRC production, have decreased by €10 per tonne in Northern Europe due to poor demand. Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Northern Europe, was €440-445 ($483-488) per...

Published

Maria Tanatar

October 09, 2019

19:45 GMT

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