Reduced supply may drive European steel HRC prices upward

European steel hot-rolled coil prices were stable or slightly higher day-on-day on Friday March 24, with some mills withdrawing their offers, sources have told Fastmarkets.

Several sources told Fastmarkets that, since Thursday, ArcelorMittal has withdrawn its offers. Buyers expected the company to come back to the market next week with higher prices.

Market sources were...


Julia Bolotova

March 24, 2023

16:43 GMT