Excessive HRC offers to Europe dull arbitrage shine

Excessive offers of hot-rolled coil to Europe have dulled buying sentiment in the region, market sources told Fastmarkets, resulting in decreased demand for the product and a closing arbitrage window.

"European buyers have been receiving so many offers that they are confident that they can secure volumes at current prices or lower, so demand has eased off," a trader source...


Paul Lim

Julia Bolotova

February 17, 2023

06:23 GMT