The global HRC market exhibited predominantly bearish sentiment in the second week of June xxxx, 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&#xx;s cautious stability.
Key Takeaways: -
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Germany HRC Prices: Declined x.xx to USD xxx/MT (FD Ruhr) amid restrained purchasing and competitive import pressure
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Turkey HRC Prices: Plummeted xx to USD xxx/MT (CFR Mersin) due to Indonesian competition and European demand weakness
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UK HRC Prices: Dropped xx to USD xxx/MT (FD Sheffield) pressured by Southeast Asian imports and subdued procurement
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Italy HRC Prices: Fell x.xx to USD xxx/MT (FD Rome) as buyers adopted wait-and-watch approach
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China HRC Prices: Remained stable at USD xxx/MT (Shanghai) reflecting mixed fundamentals and cautious sentiment
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Supply Dynamics: European oversupply conditions...
