EUROPE HRC WRAP: Trading low in summer; outlook mixed

August 10, 2021 / www.metalbulletin.com / Article Link

Trading activity in the European hot-rolled coil market has been low in the week to Friday August 6 due to the start of the summer slowdown.


Sufficient buyer stocks and slow August activity have weakened trading but activity should recover between the end of August and the first half of September, sources said.
Most domestic producers only had HRC available from fourth-quarter rolling material, while some claimed to be sold out until the end of the year.
Mixed sentiment among buyers is also unlikely to support large coil purchases in September.
Some market participants said prices are likely to decline due to more balanced supply and demand than in the past.

Others, however,...

Recent News

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok