Domestic prices for hot-rolled coil in Europe were largely stable day on day on Tuesday June 9 even as demand remained slow, sources told Fastmarkets.
Market participants believe that domestic prices are close to a bottom and that European mills could announce a rise in offer prices after the European authorities make a final decision in the safeguard review case at the end of this month.Tuesday's index was calculated based on deals, offers and achievable prices heard at ?,?400 per tonne ex-works and bids reported at ?,?390-395 per tonne...