EUROPE HDG: Domestic prices down on weak demand

Domestic prices for hot-dipped galvanized coil decreased across Europe in the week ended Wednesday October 13 due to weaker demand from distributors and the automotive sector, sources told Fastmarkets.

Sources expect distributors to return to the market in November. While the majority of European distributors have sufficient stocks to last until the year-end, they will need to restock for the first quarter of 2022.

The bearish mood in the market has been supported by...

Published

Maria Tanatar

October 13, 2021

16:04 GMT

Dnipro