Domestic prices for hot-rolled coil in Europe were fairly stable on Friday October 1 because buyers held back from making new deals, sources told Fastmarkets.
Buyers have paused purchases because they anticipate that domestic mills will soon accept lower prices. In addition, the stocks of European distributors were sufficient so they felt no pressure to get additional volumes in the short run, sources said.In addition, in the beginning of the fourth quarter European importers have been focused on customs clearance of the goods stocked in ports. Sources estimate that 1.5...