Domestic prices for hot-rolled coil (HRC) in the EU have remained under pressure from slow buying activity in the past week, sources told Fastmarkets on Thursday November 22.
European distributors were reported to have sufficient stocks of the material and this, in combination with a seasonal slowdown in demand, was reflected in the negative effect on the market.In addition, Turkish mills have decreased their HRC offers, particularly to the south of Europe, adding to the negativity in sentiment.Southern EuropeFastmarkets' domestic price assessment for HRC in Southern Europe was ?,?475-525 ($541-598) per tonne ex-works on November 21, compared...