EUROPE HRC: Domestic prices stabilize despite competitive import offers

Domestic hot-rolled coil prices in Europe held fairly firm on Thursday July 29 despite a higher number of competitive import offers, market sources told Fastmarkets.

Demand in Northern Europe has been weak due to the seasonal summer-holiday slowdown across the EU.
The number of offers from European mills has been limited anyway. Suppliers in Germany were reported to be holding back from making new offers due to good order books and because they would prefer to take their time in evaluating the effects of the country's recent floods on their logistics, sources said.

Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,143.33 ($1,351.18) per tonne on Thursday, up by just ?,?0.29 per tonne from ?,?1,143.04...

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