Europe HRC market quiet but mills seek higher prices for Q1 2022

November 09, 2021 / www.metalbulletin.com / Article Link

The domestic market for hot-rolled coil in Europe remained quiet on Monday November 8, with prices showing little change, sources told Fastmarkets.

Producers were, however, looking to achieve higher prices for the first quarter of 2022 because of the surging costs for raw materials, transport and energy.
Expected restocking activity at distributors was also supporting market sentiment. Notably, several sources said that, starting from this month, trading activity in Europe's HRC market has started to pick up slowly from the low levels seen in October.

"As market activity starts to recover, toward the end of last week we noticed an increase [in the numbers of] of inquiries from buyers,"...

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