Domestic prices for hot-rolled coil were fairly stable across Europe on Wednesday September 8, with both buyers and sellers following a "wait-and-see" strategy, sources told Fastmarkets.
Buyers have been avoiding purchases, anticipating domestic prices for coil to drop under pressure from competitive imports, lower demand from spot buyers and additional volumes that could become available for spot buyers after mills and car manufacturers settle their long-term contracts.Italian and most northern European producers, however, held the line on offer prices due to good order books. Only a few mills were able to offer end-of-2021 rolling coil.
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