The price of hot-rolled coil (HRC) in the European market remained stable. Local mills pointed out that HRC production capacity is limited currently. Even though the future demand outlook is unclear, they are still optimistic about the price trend of HRC and believe that the specific price should be higher due to the suppressed supply. 

Although the Easter holiday has affected transactions in the past few weeks, at present, steel mills' offers have continued to rise, prompting transaction prices to climb. The effective price of steel mills is higher than the highest price since April 2024.

However, in Southern Europe, the market sentiment was significantly weaker due to local power supply shortages, which forced some downstream manufacturers to reduce production, thus suppressing market liquidity and prices. Therefore, the HRC price in the southern European market is relatively low.