Southern Europe
Sources indicated that the market for cold-rolled coil was at €680-700 ($760-783) per tonne ex-works during the assessment period, widening downward by €20 from €700 per tonne ex-works the previous week.
Offers were heard at €680-690 per tonne ex-works this week.
Sources cited “competitive imports” and a “bearish mood from buyers” as the main contributors to the price drops, while also pointing to slower end-user demand.
Fastmarkets’ weekly price assessment for steel CRC, domestic, exw Southern Europe was €680-700 per tonne on Wednesday, down €10-20 from €700-710 per tonne the previous week.
At the same time, import prices for CRC to Southern Europe dropped in the week to Wednesday. This week, reported offers from Asia hovered around €620-650 per tonne CFR, compared with €635 per tonne CFR during the previous week.
Deals were heard at €635 per tonne CFR this week.
Fastmarkets’ weekly price assessment for steel CRC, import, cfr main port Southern Europe was €620-635 per tonne on Wednesday, falling by €10 from €630-645 per tonne the previous week.
Meanwhile, the market for domestic hot-dipped galvanized coil also moved downward during the assessment period.
Sources estimated the market for domestic HDG in Southern Europe at €700 per tonne ex-works this week, compared with €720-730 per tonne ex-works during the previous week.
Fastmarkets’ weekly price assessment for steel HDG coil, domestic, exw Southern Europe was €700-720 per tonne on Wednesday, falling €10-20 from €720-730 per tonne the previous week.
Import prices for HDG to Southern Europe were unchanged during the week.
Fastmarkets’ weekly price assessment for steel HDG coil, import, cfr Southern Europe was €670-700 per tonne on Wednesday, unchanged week on week.
Northern Europe
Domestic HDG prices in Northern Europe fell during the week to Wednesday, according to market sources.
Sources indicated the market for HDG at €700-710 per tonne ex-works this week, compared with €730-740 per tonne ex-works heard in the previous week.
Last week, deals were heard at €720 per tonne ex-works.
Fastmarkets’ weekly price assessment for steel HDG coil, domestic, exw Northern Europe was €700-710 per tonne on Wednesday, down €20 from €720-730 per tonne the previous week.
On the other hand, the market for domestic CRC remained stable during the assessment period.
Fastmarkets’ weekly price assessment for steel CRC, domestic, exw Northern Europe was €700-720 per tonne on Wednesday, unchanged week on week.
Import prices for HDG and CRC were also unchanged during the week.
Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil, import, cfr Northern Europe held at €700-740 per tonne on Wednesday.
Fastmarkets’ weekly price assessment for steel cold-rolled coil, import, cfr Northern Europe was stabe at €650-660 per tonne on Wednesday.
Published by: Davide Montagner
