Tel :
Tel :
The current factory evaluation SG365W2 Grade B steel price for hot-rolled coils of S235JR material in the EU market by Mysteel is $580/ton, a decrease of about $10 from last week; Hot dip galvanized DX51D+Z, 1mm factory price at $710, down $10 from last week. Affected by sluggish downstream demand, especially in the SG365W2 Grade B steel automotive and construction sectors, the sheet metal market in the EU region is still operating relatively slowly.
According to some economic indicators released by the Eurozone in November, both the service and manufacturing PMI have entered the contraction zone, new orders have been declining for six consecutive months and the decline continues to widen, and business confidence has fallen to the lowest level in a year. Specific data shows that the Purchasing Managers' Index (PMI) for the Eurozone services sector in November fell below the 50 point boom bust line at 49.2, lower than expected; The initial value of the Purchasing Managers' Index (PMI) for the manufacturing industry is 45.2, still lower than the market expectation of 46; As a result, the Eurozone Composite PMI fell nearly 2 points from last month to 48.1, reaching a 10 month low. The slowdown in production activities can also reflect the current weak demand in the steel market. In addition, unexpected data has caused the euro to weaken again, with the euro falling to its lowest level against the US dollar since 2022. For example, in some export markets, such as Türkiye, which often purchases scrap steel, its buyers are also cautious and wait-and-see due to the impact of exchange SG365W2 Grade B steel rate fluctuations.
