Bullish sentiment in European HRC market could be undermined by high import volumes, unstable demand

European domestic hot-rolled coil prices remained fairly stable on Tuesday January 18, with bullish sentiment in the market supported by a slight revival in demand, sources told Fastmarkets.

Sentiment turned upbeat after steelmakers and consumers, including those in the automotive industry, settled some long-term contracts with a year-on-year increase of about €500 per tonne, while ArcelorMittal and some...

Published

Maria Tanatar

January 18, 2022

17:15 GMT

London