Market participants
European hot-rolled coil manufacturers reported good order volumes for August and September, despite the summer recession and high consumer inventories, Fastmarkets sources said on Thursday, July 30. Prices for hot-rolled HRC coils across Europe on Thursday maintained the overall upward trend in July, despite the fact that prices in Italy have declined for several months. The second day.
"The factories have very little capacity left," said one German customer. "Most of them sold out completely in August and half of September, providing offers depending on the volume of their orders." The second German buyer
A informed Fastmarkets that "there is a limited quantity left for October[delivery]." Offers
In Northern Europe, they amounted to 715-740 euros (815-844 dollars) per ton from the factory. At the end of July, compared with estimates at 710-725 euros per ton from the plant.
There were several offers at a price of about 700-710 euros per ton from the factory, but according to Fastmarkets, the factories were reluctant to accept a lower price, given the limited availability of raw materials.
Fastmarkets' daily price index for hot-rolled steel for domestic consumption, exw in Northern Europe on July 30 was 711.25 euros per ton, which is 3.25 euros more than 708.00 euros per ton on July 29.
The index rose by 1.03 euros per tonne over the week and by 28.12 euros per tonne over the month.
In Italy, offers were received at a price of 715-725 euros per ton from the factory, indicating a market level of 700-710 euros per ton from the factory. Daily hot-rolled steel price index
On Fastmarkets in the domestic market, exw in Italy was 706.25 euros per tonne on July 30, down by 1.25 euros per tonne from 707.50 euros per tonne on July 29.
And although the Italian index declined by 0.63 euros per ton week-on-week, it still rose by 1 euro per ton. 38.75 per ton on a monthly basis.
Regarding imports, Egyptian HRC was offered at a price of US$730 (640 euros) per ton of CFR, including US$30 per ton of costs related to the EU border carbon control mechanism. Indian HRC, meanwhile, was available at a price of 645-655 dollars per ton CFR, which is equivalent to 565-575 euros per ton CFR.And the latest proposals from the Turkish HRC were received at a price of 590 euros per ton CFR, including anti-dumping duties.
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, ,, The author:Vlad Novokreschenov,
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