According to the latest SteelRadar report, prices of coil derivatives continue to hover at low levels, while sheet sales volumes are struggling to recover. Some service centers are trying to raise sheet prices in line with re-rolling facilities, but there is not enough demand and support for an increase in the market.
According to information obtained by SteelRadar, market participants believe that a challenging period will continue in the third quarter. While coil service centers are complaining about the lack of demand, customers are reportedly inclined to buy in small quantities and with fast delivery requests.
According to SteelRadar data, HRC prices are trading at EUR 635. While some service centers tend to offer discounts to secure sales, they are focusing on exports due to the stagnation in the domestic market. However, the expected consumption and price increases are not observed abroad either.
As a result of Europe's protection quota revisions, Italian welded pipe producers are not hesitating to pass on cost increases in hot roll imports to their prices. This further deepens the general uncertainties and price instability in the market.
In a period when the outlook remains unfavorable, steel industry players continue to strive for balance in both domestic and foreign markets.
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