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European hr coil prices continue to rise sharply

Posted:2021-04-23 15:28:42

According to foreign media reports, the ex factory price index of hr coils in northern Europe on April 21 was 956.3 euro (US $1152) / ton, up 46.3 euro on week and 158.3 euro on month. On April 21, the factory evaluation price of hr coil in Central Europe was 940-950 euro / ton, up 40 Euro / ton on a week-on-week basis.

According to European market news, the current market hr coil supply is still in short supply, steel mills can provide the spot market hr coil is very limited, some steel mills do not sell hr coil, waiting for the price to rise further. A trader in northern Europe said that hr coil suppliers take the initiative in the market. If they have exact hr steel coil resources and can guarantee the delivery date, buyers are willing to offer higher prices. Market analysis predicts that the ex factory price of European hot rolled steel coil will rise to 1000 euro / ton at the end of April.

On April 21, the ex factory price index of Italian hr coil was 943.3 euro / ton, up 43.3 euro / ton on a week-on-week basis; On April 21, the Spanish hr coil ex factory price index was 950-960 euro / ton, up 40-50 euro / ton on a week-on-week basis.