European steel CRC, HDG prices trend lower, but trading still subdued
Some European steel mills issued new offer prices for September-delivery cold-rolled coil and hot-dipped galvanized coil during the week to Wednesday May 24, but the market has remained largely inactive due to prevailing downbeat sentiment and aggressive import offers, sources have told Fastmarkets.
Earlier this week, ArcelorMittal cut its offer prices on steel coil products across Europe
by nearly €100 ($108) per tonne.
Its CRC offers were €870 per tonne ex-works and its...