Demand has been weak due to the seasonal summer-holiday slowdown across the EU.
In addition, the number of offers from European mills has been limited. Suppliers in Germany were reported to be holding back from making new offers due to good order books and because they would prefer to take their time in evaluating the effects of the country’s recent floods on their logistics, sources said.
Suppliers in Italy and Central Europe, in the meantime, have been offering fourth-quarter-shipment coil.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at €1,143.04 ($1,349.65) per tonne on Wednesday, down by €3.42...