The German Hot Rolled Coil (HRC) market encountered a small -x.xx dip in pricing in the week ending August xx, xxxx. While the price decline in August is normal seasonal behaviour, it must be remembered that there has been structural support for pricing from high energy costs and increasing demand for construction. Putting this current price dip in a broader x-month context, August represents a rise from the bottom in July, but prices are still lower than €xxx/MT which was the xxxx peak in May. The underlying structure of the HRC market is still volatile, and there is uncertainty of directional trading momentum.
Key Takeaways:
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German HRC prices declined x.xx week-on-week amid summer holiday disruptions
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x-month trend shows recovery from July lows but remains below May peaks
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Construction sector reported x.xx Hx xxxx order intake growth, supporting underlying HRC demand
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Energy costs for BF-BOF and EAF routes remained...
