European HRC prices sink deeper on Tuesday, bottom unclear

Low daily demand, overstocking and bearish sentiment continued to depress European hot-rolled coil prices on Tuesday June 21, but steel mills told Fastmarkets that parity with costs was close.

“Demand is very weak… the spot market is almost dead,” a German trader said. Slow end-user demand from the automotive and construction sectors were also keeping prices down. And following the sharp...


Julia Bolotova

June 21, 2022

15:46 GMT