Domestic prices for hot-rolled coil (HRC) in Europe have been largely stable over the past week, although steelmakers were targeting increases, sources told Fastmarkets on Thursday March 7.
Prices in the domestic market have been stable due to largely unchanged import offers and resistance among end-users to a price rise, according to market sources.Northern EuropeThe outlook on further price changes has been mixed in Northern Europe, with buyers continuing to resist increases.The region's mills have been targeting a price rise of ?,?30 ($34) per tonne, but that has not been reflected in higher transaction prices."End-users see that distributors can give minor discounts, so they are not ready to pay more for processed steel. Therefore, the distributors are...