Sluggish activity weighs on European HRC prices

Domestic prices for hot-rolled coil in Europe inched lower on Friday May 27 amid persistently low demand, with buyers believing that the market bottom has yet to be reached, Fastmarkets heard.

Weak demand from end users continued to subdue buying interest for coil in both Northern Europe and Italy, sources said.

Buyers said they believe the market has yet to reach...

Published

Julia Bolotova

May 27, 2022

15:18 GMT

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