The number of offers was limited as most mills were not active in the market either due to full order books or the effects of scheduled maintenance.
Local hot roll prices in Southern Europe were assessed at EUR645/mt ex-Italy on 24 July, unchanged during the day. The assessment was based on trade values reported at EUR 640-650/mt ex-Italy.
Despite low demand and exchange rates favouring interest in imported rolls, market participants do not expect local prices to decrease.
In Northwest Europe, local prices were stable at EUR655/mt ex-works Ruhr on 24 July.
Several market participants said that producers are targeting higher prices, but they were unable to confirm new target prices.
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