The main reason for the decline was that demand remained at subdued levels, market participants said.
“Demand is low and there are no signs of recovery this year,” a trader said. “Distributors are not keen on making deals because demand among end-users is low and there is no reason to build stocks. In addition, there is still a risk that prices might go down further.”
Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Northern Europe, was...