Northern Europe: the ex-factory price of hot rolled steel relaxed to 460-470 € / ton

Demand of steel coils sluggish in Northern Europe

Tthe supply and demand continued imbalance, delivery of the steel mills continues to shorten and steel prices all the way down. Local ex-factory price of hot rolled steel further relaxation from the end of April, early May € 470 / t to € 460-470 / t, the large amount of the transaction price fell to 460 € / ton; cold volume ex-factory price by the same period of 550-560 € / ton fell to 540-550 € / ton.

Inlet pressure persists.

Southern European hot rolled steel to the purchase price at 460-465 € / ton, more competitive. CIS hot rolled steel at 440-460 € / ton (CIF), cold roll 520-530 € / ton (CIF) delivery in July, has a certain appeal. Far East resources to offer with local spread, and the delivery time is too long, weak competitiveness.
 
Insiders said that steel prices fell a long time, with larger decreases in market I'm looking forward to pressing up mentality, the current steel prices may have been close to the bottom, the next step mills cut production and protect the price or take further measures to boost steel prices stabilized.