The European hot-rolled coil (HRC) market continues to struggle with weak demand. Despite stable prices, buyers are hesitant to restock, opting for minimal purchases while assessing market conditions. The ongoing low production of new cars in Europe is a significant factor contributing to the subdued demand.
Suppliers are making minor price adjustments, but the overall market sentiment remains cautious. The current situation reflects a broader trend of slow end-user demand, impacting the market’s ability to achieve higher prices.
