European HRC Markets Face Broad-Based Decline While China Maintains Stability

The global HRC market exhibited predominantly bearish sentiment in the second week of June ****, with European regions experiencing widespread price corrections while China held steady. Import competition and weak downstream demand drove significant declines across Turkey, UK, and moderate drops in Germany and Italy, contrasting with China&#**;s cautious stability.

Key Takeaways: -

• Germany HRC Prices: Declined *.** to USD ***/MT (FD Ruhr) amid restrained purchasing and competitive import pressure
• Turkey HRC Prices: Plummeted ** to USD ***/MT (CFR Mersin) due to Indonesian competition and European demand weakness
• UK HRC Prices: Dropped ** to USD ***/MT (FD Sheffield) pressured by Southeast Asian imports and subdued procurement
• Italy HRC Prices: Fell *.** to USD ***/MT (FD Rome) as buyers adopted wait-and-watch approach
• China HRC Prices: Remained stable at USD ***/MT (Shanghai) reflecting mixed fundamentals and cautious sentiment
• Supply Dynamics: European oversupply conditions...