European hot rolled coil prices remained flat on January 31, with market participants divided over the longevity of increased price levels. While some sources cited tradable ranges of Eur580-600/mt ex-works Ruhr and a bullish outlook driven by restocking, others pointed to high stock levels and uncertainty in the end-consumer market as reasons for a more cautious stance.
The market continues to experience mixed demand sentiment, with some expecting improvements in construction applications in Q2 or after the summer, while others remain skeptical about significant price increases in the near term.
