Domestic hot-rolled coil prices across Europe edged down on Thursday October 21 on reduced end-user demand, and trading activity remained limited, sources told Fastmarkets.
The ongoing global shortage of semiconductors has caused automakers in Europe to reduce output and, consequently, to cut flat-steel purchases, market sources said."Spot business is being done by various mills to fill the gaps they have in their production planning due to orders from [the] automotive [sector] that have...