29
Jun
12:35
Italian coil drops further amid silent trade
Italian hot rolled coil prices continue to decrease, losing about €30-50/tonne ($31-52) week-on-week, depending on product and volume. Both sellers and buyers are wondering when values will bottom as low Asian prices and weak demand continue to foster negative sentiment in Europe.
With no change from last week, demand for hot, cold and hot-dipped galvanised coil continues to be poor. Purchases only happen back-to-back or for very limited quantities to test th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous