The Iberian hot-rolled coil market is grappling with weak domestic demand and global trade uncertainties, including the impact of US tariffs. While speculation about potential price hikes persists, local availability of hot-rolled coil (HRC) suggests that these increases may not materialize immediately.
Market participants report that Spanish mills are maintaining steady prices, with S235JR grade HRC quoted at approximately €670-680 per tonne delivered. Despite this, the persistent weakness in domestic demand continues to challenge the market, leaving customers hesitant to absorb higher prices.
As the European market awaits further developments, including potential safeguard measures from the European Commission, the Iberian coil market remains cautious, with price stability expected in the short term.
