European Hot Coil Import And Export Prices Are Stable

This week, hot-rolled coils for July delivery in Northern Europe were quoted at 640-660 euros/ton EXW (695-716 US dollars/ton). Some suppliers said they would deliver goods in advance in June, indicating that the market demand is generally not large. It is reported that the tradable price is between 620 and 630 euros/ton EXW, which is basically stable week-on-week.

Currently, except for Germany, demand in other parts of Europe is generally average. According to reports, Egypt’s CFR Antwerp crude oil import quotation is 620 euros per ton, and Turkey’s import quotation is 620 euros per ton, including anti-dumping duties. In Italy, the spot market is also relatively calm, and the tradable price is about 630 euros/ton EXW-640 euros/ton EXW (delivery in July).

In the import market, Asian resources are not favored because of their delivery cycle and quota restrictions, and the price is approximately 610-620 euros/ton CFR. Among them, Vietnam’s export hot coil quotations are 580-590 euros/ton CFR Italy, and Turkish resources are 600-610 euros/ton CFR Italy, including anti-dumping duties. At the same time, the Libyan market hot coil resources are also in the above price range.