The weakening US dollar against the euro has led to a decline in the prices of cold rolled coils imports in Europe, and the entry of new resources has also increased the pressure on the cold rolled market recently.
The electric furnace manufacturer Lloyds in India has begun to offer to the European market, which is a new steel market into the European market, its products include hot rolled, cold rolled and hot galvanized sheet, to open up the market, the price is very competitive.I heard that there are Indian cold volume resources offer as low as 550 euros / ton (CIF, Antwerp), while other import resources offer more than 570 euros / ton (CIF, Antwerp) around. German buyers expect the import price to continue to decline as the euro strengthens.
With the pressure of the import market, the European local steel mills are also reduce the offer, but the service center that the decreasing price hasn’t promoted the marketing demand.What’s more , the mainly market inventory plump, buyers in no hurry to purchase. At present, the German Ruhr District of the cold volume ex-factory price of 610-615 euros / ton.
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