EUROPE HRC: Prices largely unchanged in quiet market

The European market for steel hot-rolled coil remained quiet on Thursday September 30, with buyers continuing to hold back from trading in expectation of more substantial price declines amid slower end-user demand, sources told Fastmarkets.

Buyers in Europe have been waiting for the new quota period to begin on October 1before assessing the "real volumes that will enter the market," they said.
"The ports are fully stocked - no room for new steel products, that's madness," atrading source said.

Sources estimated that 1.5 million-2 million tonnes of steel products are currently...

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