Amid the stagnant summer season, demand has remained weak in the local European hot rolled coil (HRC) market, with trading activities having slowed down over the past week. As a result, local steel producers’ hot rolled coil (HRC) prices in Europe have declined by €10/mt ($11/mt) on the lower end in the past week to €400-430/mt ($444-478/mt) ex-works.
€1 = $1.11