EUROPE HRC: Market activity to recover by month end as buyers need to restock for Q1

October 08, 2021 / www.metalbulletin.com / Article Link

Trading activity in the European hot-rolled coil market remained limited on Thursday October 7, but buyers are expected to resume purchasing activity later this month, sources told Fastmarkets.

Although most European buyers have sufficient flat-steel stocks to last until the end of the year, they will need to negotiate deals for first-quarter delivery coil no later than November, market participants said.
In the meantime, both steelmakers and buyers are holding back from making new bookings to assess the market trend.

Sentiment among buyers has been mixed, with sources pointing to the drop in demand for steel from the...

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