Prices for domestic European hot-rolled coil remained steady on August 28, despite lackluster demand and no signs of a price recovery. Market participants expressed uncertainty about the market outlook, noting that offers have not changed.
The typical summer downturn in demand has persisted, with no rebound in activity or demand even as people return from holidays. Some believe reducing capacities might restore market equilibrium, while others see potential for further price decreases as domestic mills compete with increasingly competitive import prices.
