European SPA-C coil prices continue to rise sharply

According to foreign media reports, on May 19, the factory evaluation price of cold rolled steel coil in northern Europe was 1250-1270 euro (1525-1550 US dollars) / ton, up 50-60 euro / ton on a week-on-week basis; On May 19, the factory evaluation price of cold rolled coil in southern Europe was 1200-1260 euro / ton, compared with 1200-1210 euro / ton last week.

According to European market news, at present, most European steel mills do not offer SPA-C coil and so on cold rolled steel coils in the spot market, so they are reluctant to sell. At present, dealers and end users have very good demand for cold rolled coil, and the inventory is generally very low. Like the hot rolled steel coil market, the cold rolled coil market in Europe is in short supply. A Nordic trader said that at present, European steel mills generally continue to be bullish on the price of cold-rolled coil. As long as the price of cold-rolled coil does not fall sharply in the international market, European steel mills will increase the price of cold-rolled coil.