EUROPE HRC WRAP: Domestic prices stable, floods disrupting German distribution

Domestic prices for hot-rolled coil were fairly stable in Europe over the week ended Friday July 23 due to a seasonal demand slowdown and limited availability.

Firm offers were still scarce in the Northern European HRC market. Mills in the region had good order books and could only offer fourth-quarter production HRC, with some of them claiming to be sold out until the year-end.
The already short supply in the region was exacerbated by disruptions to steel deliveries resulting from the floods in Germany, sources said.

German steelmaker Thyssenkrupp notified its customers that it was declaring force majeure because it was not able to ship feedstock steel products between sites as...

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