Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
At present, the ex factory price of hot coils in Europe is 760-800 euros/ton (equivalent to 828-871 US dollars), and the transaction price is not higher than 750 euros to 760 euros/ton, with a relatively stable week on week ratio. Currently, due to the Red Sea crisis, insurance companies do not provide guarantees, making it difficult for Asian resources to arrive. The price of imported Vietnam hot coils from Europe HX340LAD+ZA steel is 630-640 euros/ton CFR Italy (shipping in April), the price of exported hot coils from Taiwan, China, South Korea and Japan HX340LAD+ZA steel to Europe is 650-670 euros/ton CFR Italy (shipping in March and April), and the export price of Indian hot coils is 650-670 euros/ton CFR Italy. Last week, the export price of Egyptian hot coils was 650 euros/ton.
At the same time, according to the plan of Xi'ansele Mittal, the world's largest steelmaking plant will be built in India with an annual production capacity of 24 million tons., It is expected that this will lead to a decrease in steel demand for China and Southeast Asia. The current growth rate of domestic steel demand in India is between 50-60 million tons. Therefore, many European steel mills have shut down their steel mills in Europe and turned to building factories in India, mainly due to India's cost advantage and growing local HX340LAD+ZA steel demand.
