Tata Steel UK imports 25 thousand tons of hot-rolled coil from India

The products are mainly intended for the company's distribution centers
European HRC producers are aiming for further price increases

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

European HRC producers have raised prices for January 2023

The increase in European prices will not help exports from Turkiye yet
European steelmakers expect an increase in demand for HRC in early 2023

On the Asian and American markets, prices for hot-rolled coils increased
US steel prices may return to pre-pandemic level

American steelmakers believe that the HRC price at the beginning of 2023 will be lower than $650/t
The current prices on the European HRC market are not indicative

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

The European hot-rolled coil market is not yet ready for recovery

Supply of Asian imports increased in the EU market in October
HRC prices in Europe continue to fall due to low demand

Despite the willingness of producers to provide discounts on products, demand is not recovering
HRC prices in Europe fell due to weak demand

Activity in the European HRC market remains low

Turkish HRC exports fell by 7% in June

The main destination was Egypt, where 190.9 thousand tons were shipped

German HRC producers offer discounts on their products

In this way, enterprises stimulate the purchase of hot-rolled coils

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