Sentiment in the European cold-rolled coil market has remained bullish due to material shortages at domestic mills and limited oversea alternatives, sources told Fastmarkets on Wednesday April 21.
As a result of the tight supply, buyers have been ready to accept higher prices for CRC materials, but the number of deals has been nominal because mills were either holding back from offering in the spot market, to avoid becoming overbooked, or could offer only fourth-quarter-rolling material.Fastmarkets' weekly price assessment...