European Domestic Hot Coils Fell Due To Demand Constraints, While Demand For Imported Slabs Continued

The current quotation of domestic hot coils from European steel mills is 730-750 euros/ton EXW (795 US dollars/ton - 815 US dollars/ton EXW), but the actual transaction has been close to 700-730 euros/ton EXW Ruhr (760-795 US dollars/ton EXW). tons EXW), a week-on-week decrease of about US$15/ton EXW. Even though the price has been reduced, downstream users are still not very enthusiastic about purchasing, mainly due to the increased possibility that the price will fall below 700 euros/ton EXW in the future.

In terms of imports, as the price of hot coils in the Asian market continues to fall, its competitive advantage in the European market is also constantly improving. The current quotation of imported hot coils in Europe is 625 euros/ton CFR (685 US dollars/ton), a week-on-week decrease of 10 US dollars/ton. Ton. The price of Vietnamese resources imported into Europe is 610-620 euros/ton (660-672 US dollars/ton), and the import prices from Egypt and India are also basically the same. In the current context of continuous demand for slab imports from Europe, some Southeast Asian steel mills are unwilling to sell slabs locally at low prices. The current slab price exported from Vietnam and Indonesia to Italy is about US$570/ton FOB (about CFR US$630/ton). Ton).