European hot-rolled coil prices remained broadly stable on Thursday November 18 on limited trading, but sentiment for the first quarter of 2022 has turned cautiously optimistic, sources told Fastmarkets.
Limited tonnages of December-rolling HRC are still available at lower prices, but for January next year mills are targeting higher levels to cover surging costs amid an expected recovery in end-user demand.December rolling material was still available due to cancellations by the automotive industry, sources said, although they added that the available volumes were starting to run out in the spot market.
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