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Sluggish demand keeps the European HRC market stagnant; lack of clarity on CBAM protects cloud technology prospects

Europe

Prices for hot-rolled steel coils in Europe remained virtually unchanged on Monday, September 29, amid continued price declines

Sluggish demand keeps the European HRC market stagnant; lack of clarity on CBAM protects cloud technology prospects

European hot-rolled steel prices were virtually unchanged on Monday, September 29 amid an ongoing trading shutdown due to sufficient inventory in buyers, as well as a lack of clarity regarding new trade measures and the implementation of the Carbon Border Adjustment Mechanism (CBAM), Fastmarkets reported.

Fastmarkets daily calculation by Yulia Bolotova

Fastmarkets.com

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