Supply and demand imbalance in Europe’s HRC market stalls
Date: 2022-10-08
Supply and demand imbalance in Europe’s HRC market stalls
Trading in the European HRC market has been weak recently, and HRC prices are expected to fall further amid sluggish demand.
At present, the feasible level of HRC in the European market is around 750-780 euros / ton EXW, but buyers’ purchasing interest is sluggish, and no large-scale transactions have been heard.
According to market sources, some service centers in Germany and Italy will stop operating in winter due to soaring energy prices. At the same time, steelmakers are reluctant to offer discounts due to high production costs and want to balance supply and demand by implementing production cuts. However, some market players believe that in order to keep the mills running, the mills will cut prices soon.
Post time: Oct-08-2022
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