European domestic hot-rolled coil market prices remain stable

European hot-rolled coil prices remained stable in the past week, at €420~440/ton (about US$475~498/ton), the ex-factory price. 

European domestic market demand for hot-rolled coil increased slightly week on week, due to resource requirements for buyers purchasing tendencies from the domestic market instead of book imports.

Due to anti-dumping investigations on imports of hot-rolled coil continues proceeding, and delivery times expected longer. In addition, the market demand is expected to remain weak during the summer vacation.