Trading activity was still limited in the European hot-rolled coil sector on Wednesday November 10, with buyers pausing their purchasing activity to assess the market, sources told Fastmarkets.
Producers, meanwhile, have been insisting on increasing their prices for first-quarter-rolling coil in 2022, claiming that the rises were necessary due to higher costs for energy, transportation and carbon.Demand from the automakers has fallen by about 30%, according to market participants, because the global semiconductor shortage meant that they could not produce the usual numbers of vehicles and,...