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European market quotation remains stable, sales volume is expected to increase in January

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This week, the European market is still in the Christmas holiday, so there are not many transactions in the market SGH540 steel. Italy has not heard of any transactions, and the domestic hot coil prices in Europe remain stable. The current quotation is between $786/ton and $797/ton EXW (February March shipping schedule), which is about $45/ton EXW higher than the previous week's quotation. The price of imported hot coils is 730 US dollars per ton of CFR SGH540 steel. Due to good orders and a decrease in supply by the end of 2023, the market is mostly optimistic about spot sales in January, with an actual transaction price of approximately $740-760 per ton, resulting in limited bargaining space. The actual transaction demand will be reflected in the market after the end of the holiday on January 8th SGH540 steel.

  • Source: Abstract
  • Editor: Shirley

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