Sentiment was mixed in the European hot-rolled coil market on Wednesday August 25, with activity starting to recover slowly after holidays, sources told Fastmarkets.
Buyers who have returned to the market after the traditional holiday period in August were taking their time before making deals, believing that prices would decline. Mills, in the meantime, felt no pressure to make deals at discounts due to their good order books - only a few EU mills have been able to offer limited volumes for late-2021-rolling coil.The index was down by ?,?4.38 per tonne week on week...