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...