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Stable import and export prices of European hot coils, good demand from Germany

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This week, the Nordic hot rolled coil delivery price for July is 640-660 euros/ton EXW (695-716 US dollars/ton). Some suppliers have expressed that they will deliver early in June, indicating that the market demand is generally not high in order volume. It is reported that the available trading price is between 620-630 euros/ton EXW, which is basically stable on a weekly basis. At present, except Germany, it is generally reported that the import HC260I steel quotation of CFR Antwerp crude oil in Egypt is 620 euros per ton, and the import quotation of Türkiye HC260I steel is 620 euros per ton, including anti-dumping duties. On the Italian side, the spot market is also relatively calm, with a trading price of approximately 630 euros/ton EXW-640 euros/ton EXW (delivery in July). In terms of the import market, Asian resources are not favored because their delivery cycles and quota limit prices are approximately 610-620 euros/ton CFR. Among them, Vietnam's export hot coil quotation is 580-590 euros/ton CFR Italy HC260I steel, and Türkiye's resources are 600-610 euros/ton CFR Italy, including anti-dumping duties. At the same time, the Libyan market hot coil resources are also in the above price range.

  • Source: Abstract
  • Editor: Shirley

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