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European plate market temporarily held steady
2017-04-29 10:50:18

 European plate market temporarily held steady

European plate buying is light, buyers only need much urgency to purchase resources, but steel prices remain high.

Although the market is limited, but the European steel mills still maintain price stability, mainly pick up a good amount of orders, delivery date has been 6-7 months, there are two Northwest European steel plant said it would try to raise prices in May. However, the buyer is not optimistic about the future price trend is expected in the next few weeks prices will decline, especially in the current hot volume market weakness.

In the European market, the competitiveness of Italian resources, due to slab price stability, in recent weeks S235 / S275 plate steel mill delivery price of 550 euros / ton, while the Nordic steel plant S235 median price of 590 euros / Ton. The import market also continues to remain calm, with Indian resources reported at € 560 / t (CIF, Antwerp), no price advantage