Domestic prices for hot-rolled coil (HRC) have been stable this week as end users resist higher prices and continue to buy cheaper material from stocks, market sources told Metal Bulletin on Wednesday April 4.
"End users have not fully transferred current coil prices into the finished products prices," a representative from a Northern European mill said. "As a result, steel distributors and stock holders are squeezed, as they would not be able to get any margin with the current level of prices."In the meantime, domestic prices are likely to be supported by the fact that European mills have good order books and by the recently launched safeguard case in...