EUROPE HRC: Trading activity slow, sentiment bearish

A lack of trading across Europe kept domestic prices for hot-rolled coil fairly stable on Friday October 15, sources told Fastmarkets.

Bearish sentiment is prevailing in the market, supported by poor demand from the automotive sector and good domestic supplies.
Buyers and sellers have mainly been holding back from making deals, with only limited volumes traded in Europe during the week, sources said.

Steel prices have been under downward pressure from weak automotive demand, high distributor stocks and substantial import volumes released...


Maria Tanatar

October 15, 2021

15:25 GMT