EU steel market participants are urging for production cuts to stabilize HRC prices as demand remains weak, leading to a downward trend in domestic prices. To prevent further declines, mills are advised to announce substantial production cuts and maintain firm pricing. Market sources emphasize the necessity for capacity reductions to halt price drops, with current levels deemed unsustainable. Tradable values for domestic HRC in Northwest Europe were around Eur680-690/mt ex-works Ruhr, while in Southern Europe, prices ranged from Eur650-670/mt ex-works Italy. Import activity remains subdued as market players await clarity on safeguard quotas, with offers for imported HRC from Vietnam and India at Eur600/mt CIF Italy for May and June shipments.