The hottest European steel market maintains a weak

The European steel market remained weak, rebar hit the bottom

sluggish demand restricted steel prices, and the European market remained weak. The regional CRU price index was 175.0, unchanged on a week-on-week basis, up 0.5% from the previous month to reduce costs, down 7.2% from the same period last year. Sluggish demand restricts steel prices, and the European market remains weak 2 Because there is no gap transmission potential. The regional CRU price index was 175.0, unchanged on a week-on-week basis, up 0.5% from the previous month and down 7.2% from the same period last year

the European coil Market weakened due to the lack of demand support. The transaction price of Nordic hot coil is euro/ton, some transactions are as low as euro/ton, and the cold coil is euro/ton, and the buyer's bid is low; Hot rolls in southern Europe were traded in euros per ton and cold rolls in euros per ton. Due to the previous control of production, the current order situation of steel mills in April and may is good. However, in order to strive for sales, some suppliers began to offer discounts to customers, and it is expected that the euro coil market will continue to operate in a weak manner in the short term

in terms of thick plate, the European thick plate market is weak. The demand of European thick plate market is sluggish, and the steel price has decreased accordingly. The quotation of local steel plant is euro/ton and delivered; The competitiveness of imported resources is weak. The quotation of Chinese resources is reduced from 510 euros/ton (CIF) to 500 euros/ton (CIF), and the resources of CIS and India are EUR/ton (FOB). Judging from the order receiving situation of steel mills in the second quarter, there is no obvious sign of recovery in local market demand. However, due to the low inventory level in southern Europe and traders' expectation that some new projects will start in northern Europe in the second half of the year, it is expected that the European thick plate market will stabilize in the short term and may fluctuate slightly in the later period

in terms of rebar, the European rebar market bottomed out. The delivered price of deformed steel bars in Germany was reduced to euro/ton, the delivered price of deformed steel bars in France and Spain was reduced to euro/ton, and the dust cover should be intact. The ex factory price of deformed steel bars in Italy was further reduced to euro/ton. Due to the extremely low steel price, some Italian steel mills stopped quotation and temporarily withdrew from the market; Another steel plant began to raise the price by 20 euros/ton, and the latest ex factory quotation was euros/ton. In view of the recent rise in scrap prices and the reduction in steel mill supply, it is expected that in the short term, the Italian rebar market will begin to rebound from the bottom, and other European markets will also slowly rebound

in terms of section steel, the European section steel market has further declined. Due to sluggish demand, the delivery price of Nordic type 1 steel fell from the previous 600 euros/ton to euros/ton, so a few transactions were as low as 580 euros/ton, and the delivery price of small materials was euros/ton; The ex factory price of type 1 steel in southern Europe decreased from EUR/ton to 540 EUR/ton, and the ex factory price of small-sized materials was EUR/ton. Due to the extremely low market demand and steel price in Europe, some steel mills have begun to stop production to avoid further losses. It is expected that the relationship between supply and demand will gradually improve in the later period, and the price of section steel will also stop falling and stabilize at that time