HR steel prices in Europe remain stable
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Update time : 2024-10-11 15:08:03
The hot-rolled (HR) price in the European market remained stable at the moment, while downstream users still struggled to accept the latest higher quotations offered by the local mills. Due to rising prices in the Chinese market, the market mood has improved.
Meanwhile, insiders indicated that currently, local steel mills receive quite a few orders, which thus encourages them to raise the quotation. However, the market demand is actually still weak. Therefore, although it is believed that the price may grow in the future, it is estimated that the price won't go too high, considering the low actual demand.
