Domestic prices for cold-rolled coil (CRC) in Europe have been largely unchanged over the week, but sentiment in the market remains negative, sources told Fastmarkets.
The market has been slow due to the seasonal de-stocking from distributors ahead of the year-end.Market sources believe that although activity will somewhat recover in the first half of January, the demand improvement will not be strong enough to support domestic prices. In the meantime, the upcoming definitive decision in the European Commission's (EC) safeguard case is adding uncertainty to the market outlook. The EC is expected to set definitive measures in its safeguard investigation in the form of quarterly quotas...