Europe HRC prices fairly stable on limited trading

November 10, 2021 / www.metalbulletin.com / Article Link

Domestic prices for hot-rolled coil across Europe were fairly stable on Tuesday November 9 due to limited trading, sources told Fastmarkets.

Despite slow market activity, bullish sentiment prevails in the market, particularly for material produced and delivered in the first quarter of 2022. Upward sentiment has been supported by higher energy, transportation and emission costs faced by European steelmakers.
Anticipated restocking activity by distributors is also supporting the market. Trading has already improved in Italy due to distributor restocking, sources said.

Demand...

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