EUROPE HRC: Market broadly stable on lack of trading

July 23, 2021 / www.metalbulletin.com / Article Link

The European market for steel hot-rolled coil remained quiet on Thursday July 22, with most producers holding back offers amid seasonally slow trading, sources told Fastmarkets.

Sentiment turned negative in Northern Europe after severe flooding in Germany and parts of Belgium reduced trading activity to close to zero, with buyers and sellers assessing the consequences for the market.
Even though the floods had no direct effect on steel output, they have resulted in serious disruption to transportation, which is likely to aggravate existing supply problems in the region, sources said.
"The shortage [of HRC] will get deeper now that we have had those floods in Germany, where steel companies are located," one trader said.

A fire at NLMK's plant in Belgium is also adding to the...

Recent News

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

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok