Sheet aspects, HRC market bearish sentiment spread to the cold coil market this week, offer cold roll Ruhr in Germany fell 10 euros / ton, reported in 435-445 euros / ton.
Despite the recent European cold coil imports offer steady, and less local resources do not have a price advantage, but the weak market demand, especially in deep green Volkswagen scandal, if Volkswagen to cut vehicle production, a move that will hit the cold coil market, so its supply and demand fundamentals deteriorate, future mills offer lower pressure is likely to further increase.
Plate regard, in October, the European plate market sentiment pessimistic, most market participants believe that prices have not yet bottomed out, more likely to continue downward, but the decline should be narrowed compared with September, on the whole fourth quarter plate market difficult to rebound. In September, prices fell in Europe in the thick of $ 20-25 / ton.
Currently, the German Ruhr area S235 plate delivery base price of € 430-440 / t, but South Eastern Europe, lower offer, which Italy plate ex-works 370-390 euros / ton, in the thick of Central and Eastern Europe Plate ex-works less than 390 euros / tonne, the fierce market competition, the greater the NWE market pressures. The import market, imported resources offer for 330 euros / tonne (CIF, Antwerp), China and Turkey resources more competitive, prices were at € 320 / tonne (CIF, Antwerp) around. (VAI News)
