Domestic prices for HDG slide in Europe

Domestic prices for hot-dipped galvanized coil decreased across Europe in the week ended Wednesday December 1 due to weaker demand from automotive sector, sources told Fastmarkets.

Spot buyers are waiting for European steelmakers to finalize their negotiations with long-term buyers, including the automotive segment.
Demand from construction and white-good industries remains strong, but demand outlook from the automotive industry in the start of next year remains uncertain.
In the second half of 2021, steel demand from EU carmakers fell by about 30%, sources said, because the global shortage of semiconductors meant that they could not produce the usual number of vehicles.



Maria Tanatar

December 01, 2021

18:50 GMT