Buyers in Europe postponed orders in June in anticipation of lower sheet prices.
EU hot rolled coil market outlook dips due to low demand and competitive offers from Central Europe
In addition to the competitive offers from abroad, Central European producers also lowered their prices, putting pressure on prices.
Central European producers are offering hot rolls at 700-740 Euro/tonne delivered to Germany and Northwest Europe. Market representatives even reported sales at 650 Eur/ton ex-works.
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