In Germany, HRC prices remained stable at EUR 625, while CRC prices continued to trade at EUR 725. Market activity was limited due to the holiday season and no significant price movements were observed across Europe.
Market players are cautious about price movements due to the current sluggishness in the steel industry and uncertainties about the future. Factors such as low demand, import quotas and rising transport costs are reported to be the main factors affecting the sector.
Expectations for activity in Southern Europe are weak...
With the end of the holiday season, especially in Southern Europe, it has been a matter of curiosity whether the markets will move again. However, as many mills in the region are still on holiday, no significant change is expected until next week.
There is a similar picture in the Italian steel market. CRC and HRC prices remained stable at EUR 740 and EUR 615, respectively, while in Spain, HRC and CRC remained stable at EUR 630 and EUR 750, according to reports.
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