European hot-rolled coil (HRC) prices are under pressure due to low demand and oversupply. The market has seen minimal trading activity, largely attributed to the summer vacation period.
In Northern Europe, tradable prices for HRC are estimated to be around €610-620 per tonne ex-works, with some transactions reported as low as €590-600 per tonne.
Integrated mills are offering September-delivery HRC at €630-650 per tonne ex-works, though some suppliers in Germany are accepting lower prices for larger orders. The daily steel HRC index for Northern Europe was calculated at €620.71 per tonne, reflecting a slight decrease from the previous day.
In Southern Europe, the market remains quiet with prices similarly affected by the vacation season. The Italian market, in particular, is expected to see minimal activity for the next few weeks.
