Prices have continued to move on an upward trend over the past couple of weeks in the European flat steel market, with producers' prices now standing at €390-400/mt ($441-452/mt) for hot rolled coil (HRC) and at €490-520/mt ($554-588/mt) for both cold rolled coil (CRC) and hot dip galvanized (HDG), all ex-works. These prices have been accepted in the German and French markets, while in the Italian and Spanish markets the accepted price levels are still a little lower.
In the Italian market, demand is sluggish but local producers are enjoying a good period because of the absence of import offers, particularly from China. It seems that Chinese producers are worried about the possibility of even more antidumping measures in Europe.
€1 = $1.13