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Steel & Metal
- United Kingdom -

UK HRC Market Remains Unchanged Amid Low Demand, Excess Supply

Domestic prices for hot-rolled coil (HRC) in the UK remained stable in the week ending July 11, following a prolonged period of low demand and excess supply. According to a UK-based trader, the market is in a standoff, with mills unwilling to lower prices and customers reluctant to pay higher rates. Most imports have become unattractive due to quotas, and some European mills are aggressively pricing their products. Imports from India fall under quotas, and lead times for imports from Vietnam are long, making them less appealing. Imports from Turkey remain the only suitable alternative for market participants. Platts assessed UK HRC prices flat at GBP595/mt basis DDP West Midlands.

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US Raw Steel Production Declines 1.0 Percent

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