Prices for rolled cold-rolled products
And hot-dip galvanized rolled products in Europe remained mostly stable in the domestic market during the week up to Thursday, August 13, adding an average of about 20 euros per ton over the previous weeks. Further upward movement is limited by high stocks of imported materials in ports, as well as a decrease in activity during the traditional market downturn in late summer. ,
,In Northern Europe, the basic cold-rolled coils, which are scheduled for delivery in October, were available at a price of 830-850 euros per ton from the factory. A source
A German source reported transactions at a price of 825 euros per tonne from the plant, while another German source confirmed this figure as acceptable for trading, adding that the higher price target that the plants are targeting has not yet been seen in the transactions. Weekly price assessment for cold-rolled steel
Fastmarkets on August 13, the market for cold-rolled rolled steel in Northern Europe was 825-830 euros per ton, down from 825-840 euros per ton on August 5.
"Antwerp is full of cold-rolled coils," the source said, explaining this by having a competitive roll. Expensive imported materials continue to have a negative impact on domestic prices. However, last week, the European Commission announced final anti-dumping duties on imports of cold-rolled coils (CRC) from India, Japan, Taiwan, Turkey and Vietnam.
While Turkey and India received duties of 5.6–9.5%, Japan, Taiwan and Vietnam received duties of 16-28%, which is expected to affect shipments from these countries because, along with other restrictions such as protective duties and the Carbon Border Adjustment mechanism (CBAM) the final cost of these products may become uncompetitive.
"Previously, the buyer paid only the highest duty of all. For example, if the anti-dumping duty was 6% and the protective duty for exceeding the quota was 25%, the buyer paid only 25%. Now that has changed, and all duties are applied together," the German buyer said, adding that if Asian suppliers do not reduce their initial prices, it will be difficult for them to sell to Europe.
The hot-dip galvanized steel (HDG) segment was also stable with supply priced at 830-850 euros per ton from the factory, while the market value was 820 euros per ton from the factory, which was reflected in the corresponding Fastmarkets estimate.
Weekly price assessment for hot-dip galvanized steel (HDG). A galvanized roll in the domestic market, exw in Northern Europe, cost 820-830 euros per ton on August 13, steadily week after week. Market source
andA reported that recently factories in the region
