Activity in the EU hot-rolled coil market has been limited on Friday July 16 due to buyers and sellers both being in wait-and-see mode, sources told Fastmarkets.
Buyers have been holding back from acquiring material due to a seasonal slowdown and uncertainty about the price trend. Domestic prices have remained high despite a slight correction lower while buyers, who have sufficient stocks for a couple of months, prefer to hold back from trading.Most mills across the EU were offering HRC for fourth-quarter delivery, with some even sold out until the end of the year, sources said. Only a handful of suppliers...