Domestic prices for hot-rolled coil (HRC) in the EU have been stable this week with buyers remaining in "wait-and-see" mode, sources have told Metal Bulletin.
Although activity is scarce, prices are not expected to go down, according to market sources.European steelmakers have largely sold out their second-quarter production of HRC, but have not announced new prices yet. The mills will make attempts to increase prices for third-quarter production, sources said."The market is very quiet this week, with buyers in 'wait-and-see' mode," a trader said. "Some deals have been done for smaller tonnages, mainly with domestic mills."Domestic prices have also been supported by the limited availability of imported coil due to trade defense...