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...