European hot-rolled coil (HRC) prices have slightly decreased due to lower offers from mills. The market remains sluggish, with limited buying interest and ongoing negotiations for long-term contracts.
Despite the price drop, some market participants are optimistic about a potential recovery in the first quarter of 2025, driven by restocking activities and the European Commission’s safeguards review. However, the overall sentiment remains cautious as demand from key sectors like automotive continues to be weak.