Activity in the European hot-rolled coil market has been slow this week while buyers have preferred to hold back from new deals and proved reluctant to accept any further price increases.
Buyers - already struggling to open credit lines due to the high prices of flat steel - chose to pause their purchases while monitoring China's coil market.Fastmarkets' steel hot-rolled coil index, export, fob main port China was $907.60 per tonne on Friday May 28, down by $44.68...