HRC

This week the EUROFER report for 1Q 2024 was released

The market expects trading to resume in early September, along with rising steel prices

The European market is under pressure from import proposals, steel producers in China are waiting for further steps from the government

The products are mainly intended for the company's distribution centers

Asian HRC is in good demand in Europe

The trends in the Chinese HRC market will be determined after the holiday period

The increase in European prices will not help exports from Turkiye yet

On the Asian and American markets, prices for hot-rolled coils increased

American steelmakers believe that the HRC price at the beginning of 2023 will be lower than $650/t

Buyers are testing the market to see if prices have bottomed out

Supply of Asian imports increased in the EU market in October

Despite the willingness of producers to provide discounts on products, demand is not recovering