The European hot-rolled coil market remained slow on Monday August 9 due to seasonal factors, sources told Fastmarkets.
Buyers and sellers are expected to return to the market in late August or early September, following the traditional market cycle.
"The market is almost dead - Europe is on holiday and buyers have a wait-and-see attitude," a German distributor said.
Traded volumes are unlikely to be significant when activity resumes due to higher availability of coil from domestic and overseas suppliers and sufficient stocks held by buyers, market participants said.
Domestic...