EUROPE HRC: Domestic, import prices continue to slide on diminished demand

Domestic and import prices for hot-rolled coil (HRC) in the EU have decreased again over the past week, sources told Fastmarkets on Wednesday October 16.

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.”
Domestic prices

Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Northern Europe, was...

Published

Maria Tanatar

October 16, 2019

15:55 GMT

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