EUROPE HRC: Market remains flat; outlook uncertain

August 27, 2021 / www.metalbulletin.com / Article Link

Steel hot-rolled coil prices in Europe remained largely flat on Thursday August 26 in typically slow summer trading conditions, while buyers and mills attempted to gauge the market direction for September.

Market participants in Northern Europe have been returning to the market after holidays but trading in the region remained limited. Buyers were cautious about making new deals, expecting prices to decline in September, reflecting the general downtrend in raw materials prices.

And there was a lack of clarity about the sustainability of demand over the long term from the automotive sector, a key consumer of HRC, sources said. The acute shortage of semiconductors...

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