coin-img-BTCBTC+0.86%coin-img-SOLSOL+0.57%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.01%coin-img-SPCXBSPCXB+1.47%coin-img-TRXTRX+0.45%coin-img-HYPEHYPE+3.44%coin-img-ETHETH-0.31%coin-img-BTCBTC+0.86%coin-img-SOLSOL+0.57%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.01%coin-img-SPCXBSPCXB+1.47%coin-img-TRXTRX+0.45%coin-img-HYPEHYPE+3.44%coin-img-ETHETH-0.31%coin-img-BTCBTC+0.86%coin-img-SOLSOL+0.57%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.01%coin-img-SPCXBSPCXB+1.47%coin-img-TRXTRX+0.45%coin-img-HYPEHYPE+3.44%coin-img-ETHETH-0.31%coin-img-BTCBTC+0.86%coin-img-SOLSOL+0.57%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.01%coin-img-SPCXBSPCXB+1.47%coin-img-TRXTRX+0.45%coin-img-HYPEHYPE+3.44%coin-img-ETHETH-0.31%

Weak demand leaves European HRC at €710–715/tonne as mills test €730 offers

AI Market Summary
European hot-rolled coil prices are stuck around €710–715/t as buyers reject mills' €730/t offers amid very weak end-demand. Despite reports of full Q3 order books, market participants doubt tight supply and see limited ability to pass through September increases. The standoff signals continued softness in European industrial activity, weighing on sentiment for steel-exposed equities and related upstream commodities.
Impact level
● Medium
Affected assets
NCSKSLV2USD/USDT+2.40%
AI Insight · NCSKSLV2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
European hot-rolled coil (HRC) prices held at €710–715 per tonne ex-works, with mills’ trial offers at €730 per tonne widely rejected. Buyers said demand remains extremely weak and they cannot accept proposed September increases. Fastmarkets’ Northern Europe HRC index was €711.25 per tonne on July 31, flat on the day, up €1.25 week on week and up €28.12 month on month.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Commodity

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.