On May 22, the prices of hot-rolled coils in Europe in the domestic market showed new signs of decline, as the market

Domestic hot-rolled coil prices in Europe showed new signs of decline on May 22, as the market continues to struggle with weakening demand and growing uncertainty.

“Everyone expects a continued decline,” a source at the plant said, summing up the sentiment that continues to put pressure on the European hot-rolled roll market.

The source also added that the current downward trend in prices is due to a reduction in offers from market leaders.

“The only thing is that the market leader reduced the offers and took orders below the planned level, they had 10 months of high prices, and they reduced the price by 50-70 euros in one week,” he said. the mill spring. “Now they no longer offer discounts on July/August shipments.”

On May 22, the sale prices were reported at 620-640 euros per ton, while the used goods transaction was reported at 630 euros per ton.