EUROPE HRC: Market still, buyers wait for higher offers

Activity in the European hot-rolled coil market remained limited on Tuesday October 26, with sellers and buyers holding back from trading, sources told Fastmarkets.

Mills across Europe are expected to increase official coil offers this week, sources said.
Some European steelmakers have already approached their customers, hinting at a price increase. Rising energy prices, raw material costs and transportation costs have been cited as reasons for a potential coil price increase.

In addition, export prices for flat steel from...

Published

Maria Tanatar

October 26, 2021

15:15 GMT

London