EUROPE HDG: Domestic prices down on weaker automotive demand

Domestic prices for hot-dipped galvanized coil declined across Europe in the week to Wednesday September 15 due to weaker demand from the automotive segment, sources told Fastmarkets.

The European Union automotive industry is unlikely to use as many coil products as the market expected because car manufacturers are working at reduced rates due to the global shortage of semiconductor chips for onboard electronics.

As a result, some producers have been trading limited volumes of coil not used by automakers with selected customers at low prices. Despite limited...

Published

Maria Tanatar

September 15, 2021

17:25 GMT

London