Coil prices in Italy are relatively stable this week, with some buyers making low bids that mills are resisting. While Asian import prices are believed to have reached a low point, which is expected to help stabilize domestic values, according to sources cited by Kallanish.Asian-origin hot rolled coil prices have notably decreased month-on-month, but European buyers offering low bids are being turned down by certain producers who have already supplied sufficient tonnages to Europe and are not allocating more material. There is unsold HRC at Italian ports like Marghera and Ravenna, with traders selling at around €620-630/tonne ex-warehouse after customs clearance. Asian-origin HRC is priced at approximately €580-590/t cfr Italy for June boarding, but service centers are hesitant to purchase. Re-rollers have made purchases this month at about €540/t cfr for lower quality and larger quantities. Current offers for Asian HRC range from €570-600/t cfr. Service centers are focused on selling and have ample stock without the need for immediate purchases due to sluggish downstream consumption trends. Italian domestic HRC prices stand at €660-670/t delivered, as reported by Kallanish. Buyers in the import market, particularly re-rollers, are the main purchasers, while service centers continue destocking and only buying small amounts to replenish their inventories.