EUROPE HRC: Sluggish demand from auto industry clouds outlook

September 07, 2021 / www.metalbulletin.com / Article Link

Hot-rolled coil markets across Europe remained quiet on Monday September 6, with sentiment was increasingly bearish because of the decline in demand from the automotive sector, sources told Fastmarkets.

Opinions differed between mills and buyers on the future direction of HRC prices, with trading activity in both Northern Europe and Italy remaining slow on Monday.
Buyers were expecting prices to drop in September because of the diminishing demand from the key automotive industry.

There were several reports of carmakers working at reduced...

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