The market sentiment was largely bearish due to lower demand from the construction sector and the unfavourable outlook for steel consumption by carmakers.
According to sources, the lower availability of imported coil and the effects of summer maintenance at European mills may partially offset the negative factors.
Local prices for hot rolled coil in Northwest Europe were unchanged at EUR645/mt ex Ruhr mill on 31 July.
In Southern Europe, hot rolled coil was quoted at EUR635/mt ex Italy on 31 July, unchanged intraday.
Tradable values were reported at EUR 630-650/mt ex Italy.
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