European HRC prices down on deals for Q4-rolling

European hot-rolled coil prices declined on deals for fourth-quarter material, and sentiment for next year has been mixed, sources told Fastmarkets on Thursday, November 25.

HRC producers in Europe continued to offer discounted material for the fourth quarter of 2021 in the spot market, several sources told Fastmarkets.
The global semiconductor shortage has led to a slump in automotive output in the EU in the second half of 2021 and, as a result, weaker demand for HRC from the industry.

The automotive industry has reportedly booked around 50% less material for January next year compared with “usual tonnages,” sources said. Market expectations...


Julia Bolotova

November 25, 2021

16:00 GMT