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EU HRC market to usher in 2024 with low demand, higher output, uncertainty about trade measures

December 21, 2023 Comments Off

The price of European hot-rolled coil showed signs of recovery towards the end of 2023, but the foundations for a continuation of that trend in 2024 appear to be shaky, according to market sources. Prices steadily declined between April and the end of October on a combination of weak demand, sufficient stocks at distributors and some pressure from competitive imports….