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