Domestic prices for European hot-rolled coil remained stable on August 19, as market activity was limited due to the holiday season in most European countries. Market participants were unsure about the movement of prices, given the current volatility and uncertainty over the future of the industry.

Low demand, import quotas, and higher levels of freight were some of the factors affecting the industry. Mills struggled to fill order books amid constant excess supply and low demand, with the automotive sector continuing to buy from service centers.