This resulted in HRC and CRC prices in particular remaining largely unchanged. Steel distributors in Europe noted that everyone was on vacation, so there was no activity in the market.
Demand for flat steel products lagged behind in the first half of the year due to slowdowns in the automotive and construction sectors. Especially in Germany, CRC prices remained stable at EUR 725, while HRC prices decreased by EUR 10 to EUR 625.
In Italy, HRC [EN 10025 (S235JR)] 2-3 mm prices were decreased by EUR 20 to EUR 575 for deliveries to Antwerp. HRC was decreased by EUR 10 to EUR 615, while CRC prices remained stable at EUR 740. In Spain, prices are more stable. HRC continues to trade at EUR 630 and CRC at EUR 750.
Demand for imported steel products remains low due to the protection measures imposed by the European Union. However, there is reportedly some interest in Turkish origin coils, which is attributed to the similarity in delivery times of Turkish products.
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