The Hot Rolled Coil (HRC) market in Germany demonstrated resilience in price for the week ending January xx, xxxx, as mills maintain a strong position despite mixed demand signals. This uptick in HRC prices comes as European producers report robust order books for the beginning of first quarter, though buyers remain cautious about accepting higher price levels.
Key Takeaways
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German HRC prices rose x.xx week-over-week
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Mills report strong Qx order books
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Limited availability for immediate HRC deliveries
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Import uncertainties due to pending EU safeguard reviews
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Buyers showing resistance to mills&#xx; higher price targets
The slight x.xx price increase in the German HRC market highlights a complex interaction of market dynamics. Although domestic mills are advocating for higher prices due to robust order books, buyers are reluctant to embrace these elevated levels, citing weak demand from end users. European HRC producers are maintaining a positive...
