Domestic prices for hot-rolled coil across Europe have remained high despite a slowdown in demand and competitive import offers, sources told Fastmarkets on Wednesday July 14.
Buyers were reported to be largely inactive in the market due to the effect of the seasonal slowdown. They have also been holding back from acquiring substantial volumes over the past few weeks, mainly due to still-high prices, long lead times, sufficient stocks, full credit lines and uncertainty about the price trend.Mills in the North and South of Europe have been offering fourth-quarter-rolling HRC. Some steelmakers claimed to...