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HRC market remains stable in Europe

Local hot roll prices in Europe were stable on 7 August due to the seasonal market slowdown.

HRC market remains stable in Europe

According to sources, steelmakers did not adopt a unified approach to pricing, with some continuing to offer discounts to sell cargoes and others making negative attempts to increase their offers to EUR 680-700/mt.

In Northwest Europe, local HRC prices were unchanged at EUR 640/mt ex Ruhr on 7 August.

Market participants estimated tradable values at EUR 620-650/mt ex Ruhr EXW and EUR 650/mt ex Germany.

Local HRC prices in Southern Europe were also unchanged on 7 August at EUR 635/mt EXW Italy.

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