EUROPE HRC: Trading activity low on seasonal slowdown, limited availability

Market activity in the European Union's hot-rolled coil sector has been limited due to the seasonal slowdown and long lead times, sources told Fastmarkets on Monday July 19.

In addition to seasonal factors, buyers have shown limited interest in acquiring flat steel due to sufficient stocks and long lead times from domestic and overseas suppliers.
Credit lines for buyers have also been exhausted over the few months due to high prices and long lead times, restraining purchasing ability.

Producers, in the meantime, have...

Investment banks ahead of the gold price, institutions still behind

Gold stocks up, juniors outperform on small cap strength

Gold stocks rebound to new highs

US$ and bonds not the safe havens normally expected

Crash driven by tech and highly cyclical sectors