EUROPE HRC: Domestic prices stable in slow market

Domestic hot-rolled coil prices were fairly stable across Europe on Monday August 2 due to the seasonal slowdown, market sources told Fastmarkets.

In Northern Europe, buyers have been in “wait-and-see” mode while assessing price trends. They have booked sufficient volumes of coil and, therefore, were able to take a pause in their purchasing activity. Buyers also needed to evaluate effect on the market of the severe floods that have recently occurred in Germany and Belgium. The region’s producers have been either offering coil from end-2021 rolling...

Published

Maria Tanatar

August 02, 2021

18:15 GMT

London