European Domestic Hot Coil Prices Are Stable And Imported Resources Have No Advantage

In the northwest European market, the price of German hot coils has bottomed out at present. Although demand is weak, a wave of replenishment is expected, so short-term demand may recover, and the current productivity of European steel mills can deliver hot coils within the specified period. rolls, so there’s no pressure to order big orders. The current hot coil price in Southern Europe is 620 euros/ton EXW Italy (663 US dollars/ton), which is basically unchanged week-on-week. In the Nordic market, the price is relatively high. The current price is 630-640 euros/ton EXW (674-685 US dollars/ton). The actual transaction price fluctuates downward by 10-30 euros/ton depending on the tonnage. Prices in Northern Europe have also basically remained at around 630 euros/ton EXW, down 5 euros/ton on a week-on-week basis.

In the import market, due to exchange rate fluctuations, import price competitiveness has declined. The European exchange rate against the U.S. dollar fell from 1:1.08 to 1:1.06 this week. Therefore, as the exchange rate changes, the advantage of imported resources is constantly weakening. The price of imports from India and Japan (10 tons) is between 600-610 euros/ton CFR, and the delivery cycle of imported resources is long, so the transaction of imported resources is weak.