Spot market analysys
Many SSC and big end users are wondering whether EUROPEAN HRC prices will find support for the next few months, and honestly I believe that the up trend is not over. Most of the SSC and big end users booked only the needed material for delivery september/october 2021, avoiding to take extra risks in case of a price collapse. However the demand is still high and we are all eating up our already eroded stocks. My question is, how can prices decrease if SSC stocks are at the minimum level and the demand driven by the liquidity of the EU monetay policy has yet to come into effect?
We'll see in the next month.