EUROPE HRC: Market stays quiet, seeks direction

September 04, 2021 / www.metalbulletin.com / Article Link

The European steel hot-rolled coil market was quiet and lacking in direction on Friday September 3, with buyers and mills split on the future trend of prices, Fastmarkets heard.

Producers in Northern Europe and Italy said they were sold out until the end of 2021, with some even booked for the first quarter of 2022, so are in no rush to reduce prices.

In addition, if the European Union and the United States resolve their Section 232 steel tariff trading dispute by November 1, as expected, some HRC volumes from the...

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