European HRC prices flat in slow market

The domestic prices of hot-rolled coil in Northern Europe and Italy remained fairly stable on Monday November 29, with the HRC market in Europe relatively quiet on Monday, sources told Fastmarkets.

Producers in the north of the region still had stocks of fourth-quarter rolling HRC due to weaker demand from the automotive industry and slow trading activity in the spot market over the past several weeks. Those volumes were offered to the market at lower prices compared with producers’ targets for the first quarter of 2021.

Market sources said they doubt...

Published

Julia Bolotova

November 29, 2021

16:00 GMT

Dnipro