Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
The prices of locally hot-rolled coils in Europe remain stable, with sluggish market transactions and strong bearish sentiment in the market. Due to insufficient demand, local hot coil prices will further decline. Therefore, buyers have been maintaining a small order volume and maintaining a wait-and-see attitude. Currently, the price of heatwaves in northwestern Europe JSH400J steel remains stable at 640 euros/ton EXW rubles (687 US dollars/ton), with a relatively flat week on week. A factory in Germany offers a quotation of 650-660 euros/ton (698 US dollars/ton -710 US dollars/ton). The price of hot coils in southern Europe remained stable on a weekly basis at 620 euros/ton EXW Italy (666 US dollars/ton). The actual transaction JSH400J steel price may decrease by around 20 euros/ton (21 US dollars/ton).
In terms of imported hot coils, the quotation remains basically at 580 euros/ton CIF Italy, with no changes compared to the same day. Specifically, Vietnam offers a price range of 560-570 euros/ton CIF Italy (600-615 US dollars/ton), other Asian countries offer 580-590 euros/ton CIF Italy (623-633 US dollars/ton), and Saudi Arabia offers 600-610 euros/ton CIF Italy JSH400J steel (644-655 US dollars/ton). Overall, Saudi Arabia has limited resource advantages.
