Domestic prices for hot-rolled coil (HRC) moved downward in the south of Europe over the week to Thursday May 2 due to slow trading, sources have told Fastmarkets.
And although domestic prices in Northern Europe have been stable, sentiment remained negative with buying activity still subdued, according to market participants.Southern EuropeIn Southern Europe, domestic prices have moved down and buyers expected to achieve further reductions in transaction prices by about ?,?5-10 ($6-11) per tonne this month."There is no pressure from imports. The price decrease is 100% demand-driven," an Italian distributor said."Buyers have sufficient stocks of...