Market activity has been slow in the European hot-rolled coil market because buyers were holding back from new deals to monitor the situation in the global market and to wait for a decision in the regional safeguard measures case, sources told Fastmarkets on Friday June 4.
Domestic prices have been supported by good order books at European steelmakers, however, and by limited access to overseas coil due to the safeguard measures currently in place.Volumes available in the spot market have been limited, market sources said. And those buyers that need to...