European hot-rolled coil (HRC) prices remained stable despite insufficient end-user demand and oversupply. Offers in Northern Europe ranged from €640-670 per tonne, but buyers were only willing to pay €620-630 per tonne. In Southern Europe, prices were slightly lower, with offers at €620 per tonne. A cargo of HRC from Australia was recently booked to Italy at €580 per tonne. The market remains oversupplied, and a price rebound is considered unlikely in the near term.