This week, the European plate volume market weakness. Steel mills are still keep prices stable, but most of the buyers expected prices to fall further, a drop of about 10 to 20 euros/ton, markets wait-and-see mood is thicker.
At present, the local hot rolled and cold rolled delivery base respectively 415-420 euros/ton and 420-510 euros/ton, have remained stable. Import resources, imports from China’s and India’s hot coil quotation for 420-425 euros/ton (CFR, Antwerp), not competitive. But relative to the hot roll, cold roll import resources has more price advantage, resource in China and India offer is 460-475 euros/ton (CFR, Antwerp).