European buyers are holding back from making purchases of cold-rolled coil to wait for clearer trends to emerge from the market, sources told Fastmarkets MB.
But domestic prices for hot-rolled coil, used as feedstock for CRC production, declined in the region due to competitive import offers and slow trading.Buyers of CRC in Europe have sufficient stock of the product, according to market sources. As such, demand for the product is unlikely to increase significantly even...