According to sources, coil demand may also slow down in the coming months as South European rolling mills are said to have sufficient material supplies until the end of the second quarter.
Coil demand may also slow down in the coming months as South European rolling mills are said to have sufficient material supplies until the end of the second quarter, according to sources.
The automotive sector is showing some positive production and sales figures, while end-users are complaining that demand for white goods has decreased significantly this year. The white goods sector and component makers have been experiencing lower margins and sales decreases since the fourth quarter of 2022, with restarted rolling mills, coupled with ever increasing steel and other raw material prices impacting profitability.
European steelmakers are further increasing their roll offers amid a recovery in import prices and some production restrictions. ArcelorMittal last week increased its price indicators by another €20/ton ($21) to €870/ton ex-works for hot rolled coil and €990/ton ex-works for galvanized steel for all European regions.
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