The European hot-rolled coil market remained quiet on Thursday July 15 on seasonally slow trading, with prices largely unchanged, supported by strong order books at steel mills and long lead times, sources told Fastmarkets.
European buyers were still abstaining from making large bookings due to the still-high prices and sufficient stocks at most distributors. Exhausted credit lines were also limiting trading activity, they added.Most mills across the EU were offering HRC for fourth-quarter delivery, with some even sold out until the end of the...