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Global View on HRC: Prices keep rising gradually, outlook still positive
Prices for hot rolled coils (#HRC) in the major markets have continued to increase, though at a slower pace than recorded in previous weeks. While demand has not improved much in Asia,⏬
Prices for hot rolled coils (#HRC) in the major markets have continued to increase, though at a slower pace than recorded in previous weeks. While demand has not improved much in Asia,⏬
most major global HRC suppliers have been counting on a sales expansion to higher-priced destinations. Thus, the import trade has remained rather active in Turkey, with several large lots reported to have been sold from Russia and China.⏬
European buyers, however, have been rather cautions this week, having booked only limited volumes from Asia, while local #HRCprices have kept rising in the EU.⏬
