Over the past week, southern European prices have fallen and are under pressure from imported and market inventories. The European Commission has not imposed anti-dumping duties on resources from Brazil, Iran, Russia, Serbia and Ukraine, and imports are still competitive. However, there are market participants worried about the current procurement of anti-dumping investigation to accept the resources, there is the risk of retrospective anti-dumping duties. In addition, according to sources close to the steel mills, the actual consumption is still strong, but the apparent consumption of the downturn, mainly pre-buyers purchase a large number of resources, the current high inventory.

Although the hot rolled and cold rolled coil market decline, but the hot galvanized sheet market remains strong, steel orders plump, longer delivery time, and no other imported resources to replace the Chinese resources.

At present, the Southern European hot volume factory base price of 505-510 euros / ton, the chain fell 20 euros / ton, the end of June to the Russian hot roll offer for 485 euros / ton (CIF, southern European ports), Serbian resources warehouse delivery price For 500 euros / ton, India and China Taiwan resources offer for 485 (CIF, Italy). The price of cold rolled coil is 620-635 euros / ton, the chain fell 16.5 euros / ton, India’s imports of resources quoted at 610 euros / ton (CIF, southern Europe). Hot galvanized sheet factory base price of 680 euros / ton, 7-8 months delivery.