The European hot-rolled coil (HRC) market remained quiet on August 23, influenced by the ongoing summer holiday lull. Demand stayed low, with most market participants expecting trading to pick up in September. Mills in Northern Europe offered HRC at €620 per tonne ex-works, though some deals were made at €580-590 per tonne. The tradeable market level was estimated at €590-620 per tonne ex-works.

The daily steel HRC index for Northern Europe was calculated at €601.83 per tonne, showing minimal change from the previous day. Despite weak demand, there are rumors of potential price increases for October. In Southern Europe, the HRC index remained stable at €600 per tonne ex-works Italy, with trading activity expected to resume after the summer holidays.