European flat steel producers have increased their official offer prices for hot-rolled coil (HRC), but buyers doubt that transaction prices will increase, sources told Fastmarkets on Thursday August 22.
Market activity has been slow this week due to the seasonal slowdown. Although market activity traditionally starts to recover in late August-early September, buyers doubt that the rebound in demand will be enough to support significant changes in transaction prices."Prices in Europe are probably the lowest on the global scale. But also there are no reasons for them to rise, apart from...