The mood in the European hot-rolled coil market has been negative since the announcements of plant closures by a number of major car manufacturers, sources told Fastmarkets on Wednesday March 18.
This week, most major European car makers were set to close production units in response to the effects of the spread of 2019-nCoV coronavirus.Today's index was calculated based on deals, "workable" prices and offers heard at ?,?470-490 per tonne ex-works. It was also based on bids heard at ?,?460-470 per tonne ex-works....