EUROPE HRC: Buyers hold back; available volumes remain limited

Activity in the European hot-rolled coil market has slowed significantly, with buyers holding back from making new deals and only a few producers making offers, sources told Fastmarkets on Monday June 14.

Buyers have only been buying limited volumes if they have specific restocking needs or if they can secure back-to-back deals, they added.
European distributors prefer to wait for the price trend to become clearer and for the European Commission to present a final version of its extended safeguard measures.

On Friday, the commission released a draft of the case for extending the safeguard measures. According to the document, the measures on 26 steel products imported into the European Union will remain in place for another three years,...


Maria Tanatar

June 14, 2021

16:38 GMT