Steel Buyers Eye Bargains Amid EU Price Drop

Via Metal Miner Sources tell MetalMiner that lower seasonal demand has continued to push hot-rolled coil prices down in northern Europe since late June. In terms of steel prices, this means that mills are now quoting €540–550 ($625–640) per metric ton ex-works for August rolling and September delivery, down from €570 ($660) reported on June 23. It is also important to note that cold-rolled coil typically carries a premium of about €100 ($115) per metric ton. Meanwhile, import prices have already dropped below €500…