European hot rolled steel coil prices rise

According to foreign media reports, the ex factory price index of hot rolled steel coil in northern Europe on June 2 was 1150 euro (US $1406) / ton, up 9 euro / ton on a week-on-month basis and 142.9 euro / ton on a month on month basis.

According to European market news, in recent months, the demand for hot-rolled coil in European market is strong, the supply is short, and the import end of hot rolled steel coil is limited by trade protection measures such as quotas, so the price of hot-rolled coil continues to rise sharply. However, with the price rising all the way, the risk is also accumulating. Recently, the number of buyers holding a wait-and-see position is increasing, and the price increase of hot rolled steel coil in Europe has slowed down significantly in the recent week.

On June 2, the ex factory price index of hot rolled steel coil in Italy was 1147.5 euro / ton, up 11.25 euro / ton on a week-on-month basis and 147.5 euro / ton on a month-on-month basis.

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