Domestic European prices for hot-rolled coil (HRC) remained stable on August 27 as market participants returned from summer holidays. Expectations are rising for a revival in activity and demand. Some market sources anticipate prices to pick up in the next month, although it is still too early to confirm.

There is optimism for a market recovery in the first quarter of 2025, with a potential bullish phase toward December. Despite the European Commission’s anti-dumping investigations against several Asian countries, interest in imported HRC from China remains moderate. Market fundamentals may balance out with production cuts by mills and potential government subsidies to alleviate market pressures.

Currently, Platts assessed Northwest European HRC at €595/mt ex-works Ruhr and Southern European HRC at €595/mt ex-works Italy.