EUROPE CRC: Prices decline on limited trading activity

Domestic prices for cold-rolled coil (CRC) in the EU have decreased over the past week due to low levels of market activity, sources told Fastmarkets on Thursday October 17.

“Demand is low and the outlook is gloomy because there are no signs that demand or prices will recover any time soon,” a European trader said.
In addition, prices for hot-rolled coil, the material used as feedstock for CRC production, have also been moving down, adding pressure on the downstream products market.

On October 16, Fastmarkets’...


Maria Tanatar

October 17, 2019

17:32 GMT