S&P Global Platts: Hot-rolled coil prices in Europe stabilize despite low demand and negative outlooks from vehicle manufacturers and construction industry; large volumes of cheap import expected to flood market in October

Sample article from our Logistic & Supply Chain

September 8, 2023 (press release) –

Hot-rolled coil steel prices in Europe remained stable on September 7th, as the steel trading activity was slow due to low demand in the construction sector and negative outlook for vehicle manufacturing, reports EUROMETAL. Distributors have been actively trying to reduce stock. As a result, prices are expected to move down while mills try to increase offers. According to S&P Global Platts, demand is unlikely to improve, and a large influx of cheap imported steel is expected to enter the European market in October. Platts assessed the domestic hot-rolled coil price unchanged at Eur655/mt ex-works Ruhr on September 7th.

Industry Intelligence editor's note: Information originally published by EUROMETAL. To view the full article, please visit https://eurometal.net/eu-hrc-prices-mostly-stable-demand-low/

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