Domestic prices for cold-rolled coil (CRC) in Europe have moved down over the past week due to slow trading activity, sources told Metal Bulletin on Wednesday April 25.
The market has been slow because distributors are more focused on selling material from stock than on making new deals with mills."I foresee a weak market for the whole month of May," a Southern European trader said.In addition, Southern European domestic prices have been negatively affected by a decline in import prices.Interest in imported coil has been limited due to the expected announcement of a preliminary decision in the region's safeguard...