EUROPE HRC: Prices stable but sentiment bullish

October 30, 2021 / www.metalbulletin.com / Article Link

The European market for hot-rolled coil remained calm on Friday October 29 with both producers and buyers holding back from trading, sources told Fastmarkets.

European steelmakers have been focused on settlement of long-term agreements with big buyers, such as the automotive and white goods sectors. As a result, they have not been active in the spot market.

Buyers, in the meantime, have been taking a wait-and-see stance until the price trend becomes clear and they can get firmer spot...

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