EUROPE HRC: Market flat, but price rises likely soon

European prices for steel hot-rolled coil were broadly stable on Thursday October 28, with buyers and mills continuing to hold back from the market although sentiment was upbeat, sources told Fastmarkets.

European producers were busy negotiating long-term contracts for 2022 with end-users and therefore were not providing firm offers to the spot market, sources said.
Buyers expected producers to return to the spot market with higher offers in early November.

Deal prices for HRC were likely to rise in the coming weeks on a seasonal pickup...


Julia Bolotova

October 28, 2021

15:38 GMT