European hot-rolled coil (HRC) prices have continued to rise, supported by limited import availability and restocking activities. Most European buyers are relying on domestic producers and avoiding imported HRC due to trade risks related to the latest steel safeguard review by the European Commission. This has fueled the observed price increase, with mills in Northern Europe offering HRC at higher prices for the second quarter of 2025. The market sentiment remains optimistic, with expectations of further price increases in the short run.