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European plate volume market didn't appear strong recovery

Sep 05,2018
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September the plate volume market recovered, clinch a deal valence rose slightly, but the market demand is still weak, increase duration and raise prices remains to be seen.

Given the car plate exports increase and slow recovery in the domestic market demand, the German steel mills to raise plate roll quotation about 10 euros/ton, the hot roll have been delivered to 430-440 euros/ton, cold rolled and hot galvanized sheet have been delivered to 520-530 euros/ton, but in the price level and 10 euros/ton discount. By Ukraine slab in the shortage of resources and tile steel group acquisition, the Italian market panic mood, steel mills may have more space increases, the current Italian hot roll factory price of 420 euros/ton.

Overall, the current European board market has bottomed out, hot and cold roll offer a rise of 7.5 euros/ton in the July respectively and 5 euros/ton.

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