At the closure of xxxx, the Italian spot market observed a surge in price for Hot Rolled Coil as the demand from the downstream construction sector remains bullish. The macroeconomic factors such as the lower inflation rate strongly backed the optimistic market trend in Italy. Meanwhile, regarding manufacturing industries, one of the largest steel plants in Europe, Acciaierie d&#xx;Italia (ADI), formerly known as Ilva, has been in a critical situation with fear of low cash. The Italian government is planning to support the plant by requesting ArcelorMittal to consider the acquisition of the plant’s controlling stakes. The buyers were placing healthy orders, keeping the Hot Rolled Coil market on a notable rising trend.
In December, the consumption rate of Hot Rolled Coil was observed to be on a higher edge as the end-use construction industries have been on a bullish trend. The residential construction rate...
