Domestic CRC prices down in Southern Europe on slow trading, competitive imports

Domestic prices for cold-rolled coil in Southern Europe moved down in the week to Wednesday November 17 due to limited trading activity and competitive import offers, sources told Fastmarkets.

In the meantime, domestic prices in the north of Europe have been fairly stable despite a similar lack of demand.
Both Southern and Northern European spot buyers have been avoiding booking significant volumes of coil for next year before steelmakers settle their contracts with long-term buyers. Sources expect these negotiations to be finalized by the end of December.

Producers have also been relatively inactive in the spot market. They still have some fourth-quarter rolling tonnages...

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