EUROPE HRC WRAP: Domestic prices continue to slide; sentiment bearish

Domestic prices for hot-rolled coil declined in the European Union in the week to Friday October 15, reflecting bearish sentiment in the market and poor demand from the automotive segment.

Buyers and sellers have held back from making deals, with only limited volumes traded in Europe during the week.
Steel prices have been under downward pressure from weak automotive demand, high distributor stocks and substantial import volumes released after the start of the new safeguard period on October 1.

European...

Published

Maria Tanatar

October 18, 2021

17:20 GMT

Dnipro