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

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok