The UK domestic hot-rolled coil market has remained inactive, with buyers adopting a cautious approach amid regulatory uncertainty and stable prices. Minimal spot activity has been reported following the Easter holidays, with some participants describing the situation as a "post-holiday hangover."
Offers from European mills have largely stayed unchanged, hovering around GBP 550 per tonne DDP West Midlands, while buyers' tradable values are estimated at GBP 530-535 per tonne. Import activity has also been subdued, as concerns over quotas and safeguard measures dampen appetite.
Market participants are waiting for more clarity, especially regarding pending decisions from the Trade Remedies Authority. The weaker dollar has made some non-EU import offers more attractive, but overall demand remains thin.
