On September 11, domestic prices of hot rolled coils in Europe were quite stable due to light market trading activity. Currently, the Ruhr factory delivery price is 610-650 euros/ton, but most transaction prices are 630-650 euros/ton. At the same time, Germany's official quotation is 670-700 euros/ton. The current price trend in the future is still uncertain, mainly because the main downstream demand, including the terminal construction and automobile industries, is still weak and the market sentiment is still pessimistic. Therefore, market traders are not in a hurry to purchase new products in order to avoid backlog of orders and accumulation of inventory. Order.

In terms of imports, due to the long delivery cycle and risks such as customer destocking requirements and quotas, there is not much demand for hot coils arriving in December. Currently, the price of hot coil orders from India, Taiwan, Japan and South Korea from October to November is 610-630 euros/ton CFR Italy (US$654-675/ton), and the order price from Ukraine is 600 euros/ton CFR. Italy ($645/ton).