At the end of July, the European market for imported hot-rolled coils saw an increase in trading activity, especially in Southern Europe, despite the fact that many market participants had already left for the summer holidays. After the initial shock of the announcement of new import quotas passed and buyers assessed their needs, activity increased, and a number of deals became known over the past few weeks. Cargo ,
,A Turkish company HRC was reportedly ordered last week at a price of 565-570 euros per ton CFR for Southern Europe, including anti-dumping duties. Italian source
An, however, reported this week on offers for a price of 590 euros per ton CFR, including an anti-dumping duty. This week it was reported that the materials
From India, CFR was available at a price of 645-655 dollars per ton after several batches were sold at 650-655 dollars per ton CFR a few weeks earlier.
The most recent offers for Egyptian HRC were at around 600 euros per ton CFR, whereas a few weeks earlier it was reported that the cargo was being sold at 610-615 euros per ton CFR.
Despite a slight recovery in demand, sellers are not changing prices significantly, given the relatively weak domestic markets, as well as the situation in the European domestic market.
According to Fastmarkets' weekly estimate, imports of hot-rolled steel coils from CFR's main port in Southern Europe amounted to 565-600 euros per ton on July 29, which is 10% lower than in the previous month. 5-15 euros per ton compared to 570-615 euros per ton on July 22.
The corresponding estimate for imports of hot-rolled steel coils from CFR's main port in Northern Europe was 565-600 euros per tonne on July 29, compared with 570-640 euros per tonne on July 22 due to a lack of trade activity and supply in the region.
andA reported a similar trend in DDP-based trading, with business mainly concentrated in the south.
andSources reported that the Egyptian supplier provided DDP-based offers priced at 720-730 euros per tonne in Southern Europe, with some hints of deals being heard but not fully confirmed at the time of the article's publication. It was reported that the cargo of the Japanese roll
A was sold to Spain at a price of 740 euros per ton.
Another market source estimated the overall price range in the region at 700-750 euros per tonne, despite the fact that traditionally the difference between CFR and DDP levels was about 100 euros per tonne. Fastmarkets' weekly estimate for imports of hot-rolled steel coils to Southern Europe on July 29 was 700-740 euros per ton, compared with 655-715 euros per ton on July 22.
The corresponding estimate for the import of hot-rolled steel coils to Northern Europe on July 29 also amounted to 700-740 euros per ton. Compared to 655-710 euros per ton on July 22 due to the lack of