EUROPE HRC: Trading winds down but sentiment remains positive for post-summer activity

Domestic prices for hot-rolled coil in have increased over the week to Wednesday July 29 in Northern Europe and stood unchanged in the south of Europe, sources told Fastmarkets.

Market activity has been gradually declining over the week because the European market is entering the traditionally slow month of August, but the sentiment remains positive.
Steelmakers will resume production at higher production rates after scheduled maintenances and buyers will return to the market looking for orders in September, market sources said, prompting producers to expect to achieve some further price recovery.

Domestic prices will also be supported by low interest in imported HRC due to long lead times...

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