Domestic prices for hot-rolled coil in Northern Europe slipped further on Friday July 2 following a slowdown in trading, sources told Fastmarkets.
Buyers opted to limit purchases while assessing the market trend. Long lead times from domestic producers, sufficient stocks among buyers for the next couple of months, and exhausted credit lines as a result of high prices for finished steel, have all contributed to buyers' decisions to hold back from making new deals.Over the past two weeks, limited deals have been heard for small tonnages of HRC, each about 200-300 tonnes....