European coil prices static on little trading activity

European coil prices stood still this week at levels unchanged for more than two months on the back of poor steel demand and little trading activity.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Domestic prices for hot rolled coil (HRC) remained at €550-560 ($720-733) per tonne rolled in April for May/June delivery.

Similarly, HRC imports have remained at €560-580 per tonne cfr for June/July delivery.

“I don’t see any changes this week,” one HRC trader told Metal Bulletin on Wednesday April 11.

“Nothing is happening,” another trader said. “Everyone is hoping that Q2 will get moving soon in terms of trades,” he added.

A Southern European trader noted a low domestic HRC price of €520-530 ex-works per tonne delivered in May and June.

“Mill domestic prices are always stable these days in the south,” he said.

The same trader also told Metal Bulletin that very few offers for HRC imports had been received this week, with one offer heard of at €530-540 per tonne cif Italian port.

European domestic and imported cold rolled coil (CRC) prices were unchanged this week at €635-660 per tonne for delivery in May and June, and €625-645 per tonne cfr for June/July delivery.

Southern European CRC domestic prices were listed at €600-610 per tonne ex-works, while the southern trader identified imports into Southern Europe at €600-610 cif Italian port.

Similarly, domestic prices for hot dipped galvanized (HDG) maintained last week’s level of €620-640 per tonne delivered in May and June, with imports listed at €640-660 per tonne cfr for delivery in June and July.

Southern European domestic HDG was recorded at €580-590 per tonne base ex-works. Imports were heard at €610-620 per tonne cif Italian port.

A fourth trader said the Chinese national holidays had resulted in a pause for major HDG imports into Europe.

“We expected China to come back into the market after the holiday and prices to perhaps shift, but the mills returned to the market with no changes,” the trader said.

“As far as European mills are concerned, they are trying to keep prices stable right now,” he added.

Alexandra Chapman
achapman@metalbulletin.com
Twitter: @AChapman_metalb

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
The global copper market has finally received the widely anticipated news that imports to the US will be tariffed from August 1. The finer details of the tariffs, including their scope, and whether key copper-exporting nations like Chile, Canada and Peru will be exempt, remain unclear.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Mexico’s production and consumption of long steel fell year-on-year in May due to weakness in the country's construction sector, but posted a month on month gain, according to the latest data from the Mexican steel chamber, CANACERO.