Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
The prices of hot coils in Europe remain stable, with poor demand. Traders are not in a hurry to restock, and steel mills have no plans to reduce JSH270D steel production at the moment. At present, European steel producers have been providing hot coils for delivery in May, and the lack of actual demand has led to sluggish transactions. Some traders believe that by the end of April, the factory delivery price of European heat coils will drop to 600 euros/ton (650 US dollars/ton). At present, the price of hot coils in southern Europe is the lowest, stable at 620 euros/ton EXW Italy (672 US dollars/ton).
In terms of import, there are few offers for JSH270D steel coils. Taking Vietnam as an example, the cost (including freight) of hot coils from Vietnam to Southern Europe in June was 570-580 euros/ton CFR Italy (617 dollars -628 dollars/ton CFR), and the recent transaction of 600 euros/ton CFR Türkiye resources in Italy., The second quarter hot coil quota announced on Wednesday is 294662 tons, of which about 20% is the hot coil quota. Due to the Suez Canal shipping crisis leading to delayed delivery, ships must bypass the Cape of Good Hope, resulting in delays in shipping schedules. Currently, many heatwaves from India are en route to Europe JSH270D steel.
