European HRC prices expected to sink lower in June, sources say

Buyers and sellers of hot-rolled coil in Europe continued to hold back from trading on Wednesday May 31, while the outlook for June remains bearish, sources told Fastmarkets.

In Northern Europe, distributors and steel-service centers were focused on destocking rather than purchasing new material, Fastmarkets heard.

Additionally, producers in the region were still said to be reluctant to...


Julia Bolotova

May 31, 2023

15:07 GMT