European hot-rolled coil prices are facing downward pressure as market sentiment remains cautious. While prices have been relatively stable, sources report a modest erosion of €10-20 across various regions.
In Northern Europe, HRC ex-works Ruhr is priced at €630-640 per tonne, while ex-works Italy stands at €620 per tonne. Buyers anticipate a small dip in the short term, citing weak demand and regulatory uncertainty.
Import activity has slowed, with traders monitoring the impact of the Carbon Border Adjustment Mechanism (CBAM) on future transactions. Despite the current market hesitancy, some industry players remain optimistic about potential improvements in the second half of the year.
