European buyers are hesitant to accept higher offers for hot-rolled coil (HRC) despite recent price increases. In Northern Europe, HRC for the first quarter of 2025 is being offered at €600-640 per tonne ex-works, but these prices have not yet been accepted in deals.
The reluctance is due to ongoing weak demand and economic challenges, with buyers preferring to wait for more favorable market conditions. This cautious approach reflects broader uncertainties in the European steel market.
