Reduced availability had little impact on prices as real demand has been slow, and buyers were able to source imported CRC at competitive prices.
“The supply is short at present,” a German service center source said. “Offers from both Italian and Northwest European mills are scarce.”
Mills offered CRC at Eur850-890/mt ex-works Northwest Europe and tradable values were estimated at Eur830-850/mt EXW Ruhr by market participants.
Platts assessed domestic prices for cold-rolled coil in Northwest Europe at Eur850/mt EXW Ruhr Jan. 24, down by Eur15 on the day and steady on the week.
In South Europe, tradable values have been heard at Eur860-880/mt EXW Italy.
Platts assessed the price of domestic cold-rolled coil in South Europe at Eur860/mt EXW Italy Jan. 24, up Eur10 on the week.
Deals for CRC imported from Asia were reported at Eur740-760/mt CIF Antwerp.
Platts assessed prices for imported cold-rolled coil in Northwest Europe at Eur750/mt CIF Antwerp Jan. 24, down by Eur20 on the day and Eur10 on the week.
Offers for hot-dipped galvanized coil remained bullish even though no deals were heard concluded.
Mills offered HDG at Eur870-880/mt EXW Northwest Europe for March shipment and at Eur900-930/mt EXW Northwest Europe for second quarter shipment. Tradable values were estimated at Eur830-870/mt EXW Northwest Europe.
Platts assessed the price of domestic hot-dipped galvanized coil in Northwest Europe at Eur860/mt EXW Ruhr Jan. 24, down Eur10 on the week .
In South Europe, tradable values were heard at Eur860-880/mt EXW Italy and mills made offers at Eur920-930/mt EXW Italy.
Platts assessed the price of domestic hot-dipped galvanized coil in South Europe, stable on the week at Eur870/mt EXW Italy Jan. 24.
Author Rituparna Nath, rituparna.nath@spglobal.
Platts is part of S&P Global Commodity Insights.
