European steelmakers increased their hot-dipped galvanized coil (HDG) offers by ?,?20 ($23) per tonne this week, despite limited market activity, sources told Metal Bulletin.
The price rise is expected to be supported by combination of effects from upcoming decision in an EC safeguarding case and the fact that steelmakers currently have good order books.The European Commission opened an investigation into 26 steel products in late March, in an attempt to prevent steel shipments being redirected to the EU market as a result of the United States Section 232 import tariffs. Imported...