EUROPE HRC: Headwinds for auto industry weigh on prices

September 11, 2021 / www.metalbulletin.com / Article Link

Sentiment in the European hot-rolled coil market was becoming increasingly gloomy, reflecting the deterioration in demand from the automotive sector, and with prices in the north of the region sliding on Friday September 10, sources have told Fastmarkets.

The automotive sector in Europe was reported to be working at reduced rates because of the global shortage of semiconductor chips for onboard electronics. Consequently, market sources expected the industry to consume less HRC.

There was a market rumor that one major steelmaker in Northern Europe had already redirected some HRC volumes to the spot market,...

Recent News

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok