Demand in the local European hot rolled coil (HRC) market is still at medium levels, while European producers have closed their sales for November production. With the recovery of demand for a long time and since European Commission has announced that it has imposed provisional antidumping (AD) duty rates regarding imports of alloy or non-alloy steel originating in or exported from China, domestic hot rolled coil (HRC) prices have increased in the European market. Thus, European producers’ HRC offers to their domestic market have increased by €10/mt ($11/mt) week on week to €420-460/mt ($470-515/mt) ex-works.
Meanwhile, European producers’ cold rolled coil (CRC) offers to their domestic market are at €500-530/mt ($560-594/mt) ex-works, while their hot dip galvanized (HDG) coil offers for southern Europe are at €500-530/mt ($560-594/mt) ex-works and for northern Europe are at €540-550/mt ($605-616/mt) ex-works.
€1 = $1.12