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Tel : 0086-0371-86172891
Due to the uncertainty in the price trend of cold and hot coils in Europe, coupled with high social inventory and limited downstream S500MC steel demand, local buyers have a cautious purchasing mentality this week, mainly focusing on on-demand procurement. The export price of cold coils from India is 780-785 USD/ton CFR (equivalent to 730-735 USD/ton FOB S500MC steel), a decrease of 10 USD/ton compared to the previous week; The mainstream export quotation from China is $650/ton FOB, which is the same as last week and has a clear price advantage.
The export price of Indian hot coil (S275, 3mm) is 685-690 US dollars/ton (equivalent to 635-640 US dollars/ton FOB), a decrease of approximately 10-15 US dollars/ton compared to the previous week. Looking ahead to the future, due to the increasing expectation of India's heatwave exhausting EU export quotas in the early second quarter, the market generally expects its export quotes to face pressure at that time S500MC steel.
