European hot-rolled coil buyers and sellers continue to hold differing views on pricing and market trends. While mills aim to maintain stable or slightly higher prices, buyers remain cautious, anticipating further declines due to weak demand.
In Northern Europe, HRC offers for early 2025 delivery range between €600-620 per tonne ex-works, but transactions have been reported at lower levels. Southern European buyers are similarly hesitant, with workable prices estimated at €540-560 per tonne ex-works.
Market participants are closely monitoring trade defense measures and import restrictions, which could influence pricing dynamics in the coming months.
