Domestic prices for hot-rolled coil in Northern Europe decreased slightly day on day due to limited market activity, sources told Fastmarkets on Tuesday April 14.
US hot-rolled coil prices remain modestly below $25 per hundredweight as mills seek to keep them from falling into loss-making territory amid a steep drop in demand.
Toyota Motor Corp has decided to again postpone the reopening of its automaking plants in Brazil by two months amid plunging demand and in order to prevent the Covid-19 virus from spreading among its workers.